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Full text of "Twenty Fifth Massachusetts Fire"

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PUBLIC DOCUMENT. No. 9. 



TWENTY-FIFTH ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER 



jtHBi*Ki3>*^l ■o'^/^Mmmsmemm^^^. 



OF THE 



(Hommonroealtl) of itlassacfyusette- 



JANUARY 1, 1880. 



PA JIT I. 

FIRE AND MARINE INSURANCE. 



BOSTON: 

Eanti, &uerg, $c £0., Printers to tfje (EontmonttHaltf), 
117 Franklin Street. 

1880. 






Digitized by the Internet Archive 
in 2013 



http://archive.org/details/twentyfifthmassaOOmass 



J-5"9f 

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TABLE OF CONTENTS. 



[For Index to Companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory v 

Massachusetts Insurance Department — Its 25th Anniversary ... vii 

The Wrecks op a Century, or the Perils op Fire Underwriting . . xi 

Companies represented in this Report xix 

Companies admitted xx 

Companies withdrawn xx 

Review op the Business of 1879 . xxi 

Massachusetts Mutual Fire Insurance Companies . . . . . . xxii 

Comparative Table A . xxii 

Massachusetts Mutual Marine and Fire-Marine Insurance Companies . xxii 

Comparative Table B . . xxii 

Massachusetts Joint-Stock Insurance Companies xxiii 

Comparative Table C xxiii 

Insurance Companies op other States . . . . xxiii 

Comparative Table D xxiii 

United States Branches of Foreign Insurance Companies .... xxiv 

Comparative Table E . . . xxiv 

Massachusetts Business ' . . . . xxiv 

Comparative Table F xxiv 

Comparative ratios xxv 

Massachusetts Fire Record for 1879 xxv 

Massachusetts Receiverships xxvi 

Statistical Tabulations xxix 

Massachusetts Mutual Fire Insurance Companies xxx 

Table I. — Risks, assets, liabilities, and surplus xxx 

Table II. — Cross cash income and expenditures, premiums, losses, and 

expenses xxxii 

Massachusetts Mutual Marine and Kihe-Marine Insurance Companies . xxxiv 

Table III. — Guarantee fund, scrip, risks, assets, liabilities, and surplus . xxxiv 
Table IV. — Gross cash income and expenditures, premiums, losses, and 

expenses xxxiv 

Massachusetts Joint-Stock Insurance Companies xxxv 

Table V. — Cash capital, risks, assets, liabilities, and surplus .... xxxv 

Table VI. — Risks written, premiums received, and losses paid .... xxxvi 

Table VII. — Cross cash income and expenditures, expenses, and dividends . xxxvii 



iv TABLE OF CONTENTS. 

PAGE 

Insurance Companies of other States xxxviii 

Table VIII. — Cash capital, risks, assets, liabilities, and surplus . . . .xxxviii 
Table IX. — Risks written, premiums received, and losses paid .... xlii 

Table X. — Cross cash income and expenditures, expenses, and dividends . . xlvi 
Table XI. — United States Branches ... 1 

Massachusetts Business in Detail — Table XII li 

Statistics of Fires in Massachusetts lvi 

Table A. — Property, fires, insurance, loss, etc. . . . . . . . lvi 

Table B. — Fires classified by months lx 

Table C. — Causes of fires Ixiv 

Summary lxviii 

Receipts and expenditures of the Insurance Department lxix 



DETAILED STATEMENTS. 

Massachusetts Mutual Fire Companies 1 

Massachusetts Mutual Fire Companies with Guarantee Capital 69 

Massachusetts Mutual Marine and Fire-Marine Companies 79 

Massachusetts Joint-Stock Fire, Marine, and Fire-Marine Companies .... 95 

Fire, Marine, and Fire-Marine Insurance Companies of other States . . . 157 

United States Branches of Foreign Companies 391 

Foreign Fire Companies 425 

List of agents of insurance companies of other States and foreign countries, with 

amount of business done, and tax paid by each 481 

Appendix. 585 



Insurance Department, 

Boston, Jan. 1, 1880. 

To the Honorable the Senate and House of Representatives. 

Part I. of the Twenty-Fifth Annual Report of the Mas- 
sachusetts Insurance Department is herewith respectfully 
submitted. 

This Part of the Report exhibits the condition of all 
Insurance Companies authorized to transact the business 
of fire and marine underwriting in this Commonwealth on 
the thirty-first day of December, 1879, together with their 
statements in detail for the year ending at that date. In 
connection with these, also, will be found such other infor- 
mation as the Statutes require, and as the general purpose 
and scope of the Report render appropriate. 

Julius L. Clarke, 

Insurance Commissioner. 



TWENTY-FIFTH ANNUAL KEPOET 



INSURANCE COMMISSIONER, 



PART I. 

FIEE AND MARINE INSURANCE. 



The Massachusetts Insurance Department — Its 
Twenty- Fifth Anniversary. 

The initial supervision of insurance interests in Massachu- 
setts dates from the year 1837 ; the first official report of 
underwriting within its jurisdiction covering the fire busi- 
ness of that year. The report — an eight-page document, 
compiled by John P. Bigelow, then Secretary of the Com- 
monwealth — represented forty-eight Massachusetts Com- 
panies having specific capital aggregating about nine and a 
half millions, with outstanding risks amounting to nearly 
one hundred and forty millions ; but it gave no intelligible 
exhibit of their actual assets and liabilities. No other Com- 
panies or branches of underwriting were reported. 

For a period of nineteen years, ending with 1855, the 
Secretaries of the Commonwealth continued substantially 
the same form of report, though somewhat improved and 
elaborated during the later years by including all Com- 
panies doing business in the State. 

From 1852 to 1855 the State Auditor and Treasurer were 
associated with the Secretary ; the three constituting a Board 



Vlll 



REPORT OF THE 



of Insurance Commissioners, charged with the performance 
of certain limited duties. But with the then already in- 
creasing volume of business, and the magnitude of its inter- 
ests, the necessity of an efficient departmental administration 
of the insurance laws of the State had become notably ap- 
parent. 

Hence the Statute of 1855, chapter 124, abolished the old 
regime, and established a regularly organized Insurance 
Department with enlarged jurisdiction, commencing with a 
Board of three Commissioners, but reduced to two in 1858, 
and to one in 1866, with the addition of a Deputy-Commis- 
sioner in 1871. It will be seen, therefore, that with the 
close of 1879 the Department completed its twenty-fifth 
year of service. 

In connection with the unprecedented growth of the busi- 
ness of insurance within these twenty-five years, it may be 
stated that in its first year the Department had in charge 
one hundred and seventy-one Companies, fifty-three of which 
were from other States and countries ; the largest number in 
any subsequent year (1870) having been two hundred and 
sixty. It has now under its supervision two hundred and 
forty-seven, eighty-three of which are Home Companies. 

The following comparative exhibit of the volume of busi- 
ness transacted by Companies occupying the Massachusetts 
field at the beginning and close of the quarter century thus 
introduced, will be found both interesting and instructive : — 



Fire and Marine Insurance. 



Companies. 


1855. 


1879. ' 


I 
Risks. Assets. 


Liabilities. 


Risks. 


Assets. 


Liabilities. 


Home 
Others . 


$515,089,000 
165,912,371 


$11,913,605 
3,823,295 


$4,045,693 
1,466,397 


$815,059,000 
6,682,278,000 


$22,637,656 
134,973,628 


$6,757,241 
43,979,594 


Totals . 


$081,001,371 


$15,736,900 


$5,512,090 


$7,497,337,000 


$157,611,284 


$50,736,835 







Life 


- Insurance. 






Home 
Others . 


$12,230,000 
72,829,000 


$1,863,095 
10,031,194 


$742,081 
7,800,857 


$111,633,605 
1,428,474,200 


$31,496,584 
371,433,961 


$27,029,648 
339,610,989* 


Totals 


$85,059,000 


$11,894,289 


$S, 542,938 


$1,540,107,805 


$402,930,545 


$366,640,637 



* Premium reserves estimated in a few cases, but sufficiently near for use in this connection. 



INSURANCE COMMISSIONER. ix 

Even these widely separated landmarks in the expansion 
of a business affecting more or less intimately the material 
interests of the whole Commonwealth are sufficiently sugges- 
tive. Their indication of rapid and wonderful growth, 
spanning an average increase of nearly eleven-fold in fire 
and marine, and an average increase of more than twenty- 
five-fold in life business, counting risks and assets, is a sig- 
nificant exhibit of the progress of underwriting by Compa- 
nies authorized in Massachusetts. Such results, showing only 
a fraction over seven hundred and sixty-six millions at risk 
in 1855 against more than nine thousand and thirty -seven 
millions in 1879, with nearly twelve millions of dollars in 
premiums now annually collected in Massachusetts alone, of 
which more than eight millions goes to corporations from 
abroad, can hardly fail to convince every intelligent legisla- 
tor and citizen that special supervision of insurance, under 
government authority, was inaugurated not a year or a day 
too soon. 

So far as legislation, often defective and insufficient, has 
permitted, the necessity so plainly and imperatively pre- 
sented has met with fitting response. The results are appar- 
ent in the correction of serious defects and abuses in 
management ; in the removal of numerous organizations of 
worthless or fraudulent character ; and in tlie establishment 
of a more efficient system of protection and security, — results 
which have materially aided in preserving the commercial 
honor and integrity of insurance interests, both in their cor- 
porate administration and in their measure of indemnity and 
beneficence. 

An appropriate conclusion of this anniversary memorial 

may be found in the annexed tabulation, giving the names 

of the several Commissioners and Deputy-Commissioners, 

with the dates of their appointment, terms of service, etc., 

from 1855 to the present time : — 
b 



REPORT OF THE 





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May 17, 1871, 
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Apr. 1,1876, 
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INSURANCE COMMISSIONER. xi 

The Wrecks of a Century, or the Perils of Fire 
Underwriting, — 1780-1880. 

The mortuary history of American Insurance Companies is 
most significant and instructive. When elaborated by analy- 
ses of actual business details, it becomes even more sugges- 
tive. In Massachusetts alone, one hundred years have placed 
before us lessons of great moment. Their teachings have 
been strongly emphasized by current history, and may be 
accepted as a fair and reliable basis of illustration for the 
whole American field. 

Since the adoption of the State Constitution in 1780, four 
hundred and thirty-seven Insurance Companies (221 Stock 
and 216 Mutual) have been chartered, under general and 
special laws, within this Commonwealth. Four hundred and 
eleven of these Companies were Fire, Marine, and Fire- 
Marine, thirteen Life, twelve Health, and one Steam-Boiler. 

Of the whole number, one hundred and ninety-nine (115 
Stock and 84 Mutual) died in their cradles, chiefly for 
want of proper nursing and financial sustenance ; and one 
hundred and fifty-four others* (67 Stock and 87 Mutual) 
closed their doors, either by compulsion or voluntary deci- 
sion, after longer or shorter periods of business life. 

Of the sixty-seven Stock Companies which succumbed to 
misfortune, twenty-six engaged in fire, ten in marine, and 
thirty-one in fire-marine underwriting ; while of the eighty- 
seven Mutuals, sixty-three transacted a fire, thirteen a marine, 
and seven a fire-marine business, the remaining four taking 
other branches of insurance. Aggregating the two, Stock 
and Mutual, it appears that eighty-nine of the Companies 
which have ceased to exist wrote fire, twenty-three marine, 
and thirty-eight fire and marine risks. 

The eighty-three f present survivors represent twenty-three 
Stock and sixty Mutual Companies. Of the former (Stock), 
sixteen are writing fire, four marine, and three fire and 
marine risks. Of the Mutuals, fifty transact a fire, one a 

* Including the New England Mutual and the Shawmut, both of which 
have re-insured their risks since the commencement of the present year, and 
excluding the Equitable Marine, which has rescinded its vole; to retire. 

t Counting the Mechanics' Mutual and the Traders' and Mechanics' as each 
one Company, although both are represented in the Stock and Mutual Depart- 
ments. 



xii REPORT OF THE 

marine, and three a fire and marine business. Of the whole 
seventy-six survivors writing the risks here named, sixty- 
six do only a fire business, four a marine, and six a fire and 
marine. The remaining seven represent six Life Companies 
and one Steam-Boiler Insurance Company. 

These figures exhibit a mortality among Massachusetts 
Companies reaching nearly eighty-one per cent of the whole 
number, or upwards of eighty per cent of the Stock, and 
more than seventy-eight per cent of the Mutuals. Of the 
two hundred and twenty-one Stock Companies, only twenty- 
three,* or less than eleven per cent, now survive ; and of the 
two hundred and sixteen Mutuals, only sixty, or less than 
twenty-eight per cent, are numbered among the living. In 
other words, the actual mortality among the Stock Com- 
panies has been nearly ninety per cent ; and among the Mu- 
tuals, upwards of seventy-two per cent. These results are 
notable indeed ; but, with their accompanying financial expe- 
riences, we have a record still more replete with lessons of 
warning and instruction. 

While the data wrapped up in this brief registration 
embrace almost every class of insurance from that of per- 
sonal liberty and honesty to that of fire, marine, and life 
indemnity, the interest attaching thereto centres chiefly in 
the experiences of Fire, Marine, and Life Companies. For 
the purposes of this Report, however, the first two, fire and 
marine, are particularly appropriate. But as the first of 
these two, in its wider distribution of results, has been brought 
into more intimate relations to the general public, we have 
chosen that as the special topic of this necrological review. 

In the department of fire underwriting alone, the century 
closing the present year reveals a mortuary record of event- 
ful interest. The wrecks so thickly scattered among the 
shoals and breakers of insurance venture since 1780 are for T 
cible reminders, not only of the perils encountered, but of 
the imperative necessity of wise and intelligent scrutiny in 
the selection and classification of risks, and of the equally 
indispensable maintenance of rates adequate to insure safety 
and success. The long list of defunct Companies, with its 
concurrent annihilation of insurance capital and assets, 
presents one of the startling realities of the century. 

* Counting as one Company each of those having both Stock and Mutual 
Departments. 



INSURANCE COMMISSIONER. xiii 

Of the whole two hundred and thirty-eight Massachusetts 
Companies which have lived to transact the business of insur- 
ance, one hundred and ninety-nine engaged in fire underwrit- 
ing, seventy-six of them Stock, and one hundred and twenty- 
three Mutual. Of all these latter, only seventy-two survive, 
showing a mortality of nearly sixty-four per cent of the Com- 
panies writing fire risks. 

Only five Companies were chartered by the Legislature 
prior to 1800, and fifty-seven during the first twenty-five 
years of the present century. Of these sixty-two Companies, 
only Hve now exist under their original charters, — the Ameri- 
can Fire and Marine chartered in 1818, the Mercantile 
Marine and the Hospital Life in 1823, the Worcester Mu- 
tual in 1824, and the Norfolk Mutual in 1825. The Massa- 
chusetts Mutual, originally chartered in 1798, the Manufac- 
turers in 1822, the Franklin in 1823, the Washington in 1824, 
and the Boylston in 1825, all of Boston, were stricken clown 
by the great Boston fire of 1872, but resumed business under 
new charters in 1873. The Merchants' Fire and Marine, 
chartered in 1816, the oldest of its class in America, and a 
victim of the same disaster, did not re-organize. 

As a matter of historic interest and value in this connec- 
tion, we append a careful compilation of the results of fire 
and marine underwriting by Companies doing business in 
this Commonwealth since the establishment of its Insurance 
Department : — 



XIV 



REPORT OF THE 



Massachusetts Joint-Stock Companiks. 

From 1855 to 1879 inclusive. 





Premium 
Receipts. 


Losses paid. 


Expenses. 


Surplus or De- 
ficiency. 


Fire Experience 
Marine Experience . 


$55,955,118 
52,947,108 


$45,710,352 
40,220,186 


$12,030,350 
11,383,628 


—$1,785,584 
+1,343,294 


Totals .... 


$108,902,226 


$85,930,538 


$23,413,978 


—$442,290 



Massachusetts Mutual Marine and Fire-Marine Companies. 

From 1855 to 1879 inclusive. 



Fire Experience 
Marine Experience . 


$3,870,398 

48,722,792 


$3,436,152 
38,529,822 


$561,207 
7,064,804 


—$126,961 

+3,128,166 


Totals .... 


$52,593,190 


$41,965,974 


$7,626,011 


+$3,001,205 



Massachusetts Mutual Fire Insurance Companies. 
From 1855 to 1879 inclusive. 



Fire Experience 



$33,545,610 



$18,320,98^ 



6,709,122 



+$8,515,505 



Joint- Stock Companies of other States. 
From 1855 to 1879 inclusive. 



Fire Experience 
Marine Experience . 


$616,803,442 
169,705,797 


$386,945,472 
115,885,020 


$184,424,229 

50,777,742 


+$45,433,741 
+3,043,035 


Totals .... 


$786,509,239 


$502,830,492 


$235,201,971 


+$48,476,776 



Joint-Stock Companies of other Countries. 

From 1855 to 1879 inclusive. 



Fire Experience 
Marine Experience . 


$124,118,416 
751,509 


$73,469,856 
537,713 


$34,999,334 
154,333 


+$15,649,226 
+59,463 


Totals .... 


$124,869,925 


$74,007,569 


$35,153,667 


+$15,708,689 





Recapitulation. 






Massachusetts Companies, 
Companies of other States, 
Companies of other coun- 
tries .... 


$195,041,026 
786,509,239 

124,869,925 


$146,217,495 
502,830,492 

74,007,569 


$37,749,111 
235,201,971 

35,153,667 


+$11,074,420 
+48,476,776 

+15,708,689 


Totals .... 


$1,106,420,190 


$723,055,556 


$308,104,749 


+$75,259,885 



INSURANCE COMMISSIONER. xv 

The foregoing exhibit includes the losses .paid by Compa- 
nies forced into bankruptcy by the great fires in Chicago in 
1871 and Boston in 1872, together with their premium receipts 
and expenses prior to their failure in those years. 

In aggregating the business of twenty-five years ending 
with 1879, it will be seen that the Massachusetts Joint-Stock 
Companies made an actual loss of nearly 11,800,000 in excess 
of their premium receipts on fire business, while their surplus 
on marine business still leaves a net loss of nearly half a 
million. 

Within the same period the Mutual Marine and Fire- 
Marine Companies made a loss of nearly $127,000 in excess 
of their premium income on fire business, while their surplus 
on marine business, after paying losses incurred by the dis- 
aster to the Arctic whaling fleet in 1871, shows a net surplus 
of three millions. 

The Mutual Fire Companies stand alone among all the 
Companies of the State in their exhibit of a surplus over 
premium income on fire business. After payment of all 
losses and expenses, their surplus exceeds eight and a half 
millions. 

In averaging the net results of these actual experiences of 
the Massachusetts Companies among the whole number which 
have transacted business since 1855, it will be found that the 
division of surplus on insurance scarcely reaches the ordinary 
profits of the most common business enterprises. 

So also of Companies from other States and countries. An 
average apportionment of their sixty-four millions of surplus 
premium income, over losses and expenses, would leave com- 
paratively no greater margin for dividends or profits than 
that which appears to have accrued tc Massachusetts Com- 
panies. 

The figures given in the preceding tabulation seem indeed 
enormous, — upwards of one thousand and one hundred millions 
of dollars in premiums collected in twenty-five years by Com- 
panies representing fire and marine insurance in Massachu- 
setts. But after paying therefrom nearly seven hundred and 
twenty-five millions for losses, and upwards of three hundred 
and eight millions for expenses of the business, the seventy- 
five millions of surplus remaining give less than seven per 
cent for profits and other contingencies. 



xvi REPORT OF THE 

In further confirmation of this statement, it may be of 
interest to know that the fire experience of the Massachusetts 
Joint-Stock Companies shows their losses to have been 
nearly eighty-two, and their expenses twenty-one and a half, 
aggregating upwards of three per cent in excess of their 
premium income ; the fire losses of the Mutual Fire-Marine, 
nearly eighty-nine, and their expenses fourteen and a half, 
aggregating also more than three per cent in excess of their 
premium income: while the Mutual Fire Companies show 
losses amounting to upwards of fifty-four, and expenses over 
twenty per cent, making nearly seventy-five per cent of their 
premium income. 

It thus appears that the combined losses and expenses of 
all the Massachusetts Companies, in their fire experience for 
twenty-five years, aggregate only a fraction less than ninety- 
four per cent of all their premium receipts. It is also shown 
that nearly ninety-seven per cent of their premium receipts on 
marine business has been absorbed in the payment of losses 
and expenses on that account. 

The experience of Companies from other States and coun- 
tries, which we have cited in the same connection, differs 
comparatively little from each other, the losses and expenses 
of both averaging upwards of ninety-three per cent of their 
premium receipts. 

A simple compilation of vital statistics is comparatively 
easy ; but no complete financial exhibit of underwriting is 
possible without including the loss of insurance capital, not 
only by surviving Companies, but by those forced into retire- 
ment through the vicissitudes of the business. The data 
annually required by existing legislation present only the 
current experience of survivors, but make no mention of 
capital lost by disasters which not unfrequently blot out even 
the best managed Companies with their entire assets. 

Hence it is evident, that, in any balance of a profit and 
loss account, the losses of those which have lost every thing 
must largely offset the gains of the more fortunate. True, a 
Company here or there may furnish a record of exceptional 
success ; but the average experience of almost any given 
period would manifestly compel heavy discount in the some- 
times fabulously estimated richness of imaginary bonanzas in 
lire and marine underwriting. 



INSURANCE COMMISSIONER. . xvii 

While it would be impossible now to give an accurate 
statement of insurance capital lost during the first three- 
quarters of the century under review, yet, with the great 
amount since absorbed, together with the large surplus 
accumulations of years of patient labor and careful manage- 
ment, which no power could rescue from sacrifice, the volume 
of loss would be found simply enormous. Some of the more 
noticeable aggregates are readily recalled. 

In citing only a few of the memorable and historic confla- 
grations of the century, it will be recollected that the great 
New York fire of 1835 wiped out nineteen Companies and 
more than twenty-eight millions of insurance capital. Ten 
years later, another sweeping fire in the same city absorbed 
upwards of four millions of insurance capital. The Portland 
fire of 1866 swallowed upwards of three and a half millions 
more. The great Chicago conflagration of 1871 involved 
three-fourths of all the Companies then writing fire risks in 
the United States, making bankrupts of more than sixty 
whose aggregate capital and surplus amounted to nearly 
forty millions. The assets of thirty-nine of these Compa- 
nies then doing business in Massachusetts, amounting to 
almost twenty-six millions, were completely absorbed by the 
same calamity, besides an immense aggregate from the capital 
and assets of nearly two hundred other Companies which 
suffered heavy impairment thereby. The great fire in Boston, 
in 1872, ruined thirty-two strong Companies, and annihilated 
thirty-eight millions of insurance capital ; twenty-six Massa- 
chusetts Companies losing their entire assets, amounting to 
more than sixteen and a half millions, and others being seri- 
ously crippled. 

If to these great amounts were added only the more im- 
portant of the smaller losses in previous and subsequent 
years, ranging from half a million to five millions, the aggre- 
gate would reach almost incredible magnitude. Among 
these smaller yet heavy losses, we recall those at Charleston 
in 1838, at New York in 1839 and 1879, at Albany in 1848, 
San Francisco in 1850 and 1851, and Boston in 1873 and 
1879. But it is needless to continue the enumeration. The 
result would only extend almost indefinitely the record of 
disaster and loss. 

It is now forty-three years since Massachusetts Companies 



xviii REPORT OF THE 

were first required to make annual statements of their condi- 
tion and business transactions for publication under State 
authority. These returns, for many years extremely meagre 
and incomplete, make up, with the more imperfect prior in- 
formation, nearly all the accessible insurance data of the first 
seventy-five years of the century. But with this acquisition, 
and the elaborate statistics collected by this Department 
during the last twenty -five years, the amount of capital and 
surplus swept out of existence during the whole period may 
be approximately estimated. 

The capital and surplus concurrently blotted out in the 
endless sacrificial offerings to the fire-fiend by Companies 
doing business in this State, during the century, can have 
been scarcely less than two hundred and thirty millions of 
dollars, of which Massachusetts Companies alone contributed, 
through failures and impairments, nearly, if not quite, one 
hundred millions. The enormous impairments involved in 
these experiences almost counterbalance all margin of profit 
from fire underwriting during that period. Over and over 
again have the impairments of capital been made up by levy 
of fresh contributions from private sources for the contin- 
ued protection of the public, although the profits of the busi- 
ness were never commensurate with its hazards, nor equal 
to those derived from many of the more permanent invest- 
ments. 

When it is considered that income from a Company's 
investments, that its previous accumulations of surplus, and 
even its capital, are liable at any moment, and are indeed 
often required, to meet an excess of losses and necessary 
expenses, and that only some of the oldest and more fortu- 
nate Companies are able to maintain their stock at par value, 
it is easy to understand why insurance investments are 
regarded with suspicion. 

But with all this record of disaster and sacrifice, particu- 
larly in fire underwriting, a great and wonderful revolution 
has been achieved in the business of insurance, even since 
Massachusetts became an independent Commonwealth. As 
the present Commissioner had occasion to say in a recent 
Report, the comparative results of these hundred years have 
been manifold in their spheres of growth and greatness. 
Within the same epoch, and in common with other great 



INSURANCE COMMISSIONER. xix 

cotemporary enterprises, that of insurance, in its various 
branches, has inseparably identified itself with the mighty 
agencies that have so successfully contributed to our national 
prosperity and glory. With all its faults and failures, 
remote or otherwise, no monetary scheme has developed 
greater beneficence and blessing within this memorable 
century, 1780-1880. 

Companies represented in this Report. 

The annual statements of two hundred and ten Companies 
appear in this volume of the Report. Of these, eighty are 
Massachusetts Companies ; viz., twenty-four Stock, fifty 
Mutual Fire, and six Mutual Fire-Marine. The remaining 
one hundred and thirty Companies are from the folio wing- 
States and countries : From New York, fifty-eight ; Con- 
necticut, New Jersey, and Pennsylania, ten each ; Rhode 
Island and Ohio, four each ; Maryland, three ; Missouri, 
two ; New Hampshire, Illinois, Wisconsin, Minnesota, and 
California, one each; and twenty-four American Branches 
of Foreign Companies. 

Included in these statements are those of four Massachu- 
setts Companies which have voluntarily closed their doors, 
and re-insured their risks, — the New England Mutual in 
the Metropole and Great Western, the Shawmut in the Met- 
ropole, the Weymouth and Braintree in the Home, of New 
York, and the Westfield in the Westchester. Omitting 
these four, and counting the Fitchburg Mutual, the Me- 
chanics', and the Traders' and Mechanics' each as one Com- 
pany, though classed in two departments, and including the 
Jefferson, of New York, recently admitted, there will remain 
two hundred and seven Comrjanies now authorized to write 
fire and marine risks in Massachusetts. 

The annexed statements show the Companies admitted 
and withdrawn since the issue of the last Report : — 



XX 



REPORT OF THE 



Companies 


admitted. 




NAME. 


Location. 


Date. 


Tradesmen's Fire .... 


New York . 


Apr. 30, 1879. 


Globe Fire 


New York . 


May 14, " 


Norwich Union .... 


Norwich, Eng. . 


May 26, " 


La Confiance ..... 


Paris, France 


June 3, " 


United Firemen's .... 


Philadelphia, Pa. 


June 9, " 


London and Lancashire . 


Liverpool, Eng. . 


June 25, " 


Manufacturers' and Builders' 


New York . 


Aug. 25, " 


Metropole . . . 


Paris, France 


Nov. 4, " 


Phoenix Assurance 


London, Eng. 


Nov. 6, " 


Reassurances Generales . 


Paris, France 


Nov. 18, " 


Jefferson . . . 


New York . 


Apr. 1, 1880. 



Two of the Foreign Companies admitted during the year 
— the Metropole and the Reassurances Gene'rales — have 
made the required deposits with the Treasurer and Receiver- 
General of the Commonwealth, — the first-named, 8200,000 ; 
and the last, $300,000. The others had previously made de- 
posits in New York. 

Companies withdrawn. 



NAME. 


Location. 


Date. 


Amity ...... 


New York . 


Apr. 11, 1879. 


Home ...... 


Newark, N.J. 


Apr. 14, " 


Atlantic . . . ... 


Brooklyn, N.Y. . 


May 5, " 


Roger Williams .... 


Providence, R.T. 


July 19, " 


Royal Canadian .... 


Montreal, Can. . 


Aug. 26, " 


Safeguard ..... 


New York . 


June 7, " 


Mercantile Mutual .... 


New York . 


Oct. 25, " 


JEtna ...... 


New York . 


Sept. 4, " 



INSURANCE COMMISSIONER. xxi 

In addition to the above, and as stated on a previous page, 
four Massachusetts Companies have voluntarily retired, — 
the New England, Shawmut, Weymouth and Braintree, and 
the Westfield. The retirement of the first two withdraws 
$850,000 of cash and guarantee capital from the business. 

Review of the Business of 1879. 

In connection with the following condensed summary of 
the business of 1879, it is a pleasure to find that its results 
indicate, in some respects, a more hopeful assurance of 
coming recuperation and prosperity than was generally an- 
ticipated. As a whole, the Companies writing risks in Mas- 
sachusetts have held their own, the losses of some in their 
volume of business having been offset by the gains of others. 
It will be seen, however, that the disasters of the year, and 
especially the strife of competition in its acceptance of in- 
adequate rates, have produced important and unfavorable 
results. But the figures will show for themselves. 

As compared with 1878, the admitted assets of all the 
Companies now represented, amounting to $157,622,284, 
show a gain of $3,255,071 ; their liabilities, $50,336,834, an 
increase of $2,094,305, leaving a net surplus of $107,285,450, 
a gain of $1,160,766, of which $605,805 has been made by 
Massachusetts Companies. 

The risks written aggregate $7,657,592,481, an increase of 
$562,405,547 ; premium receipts, $60,556,823, an increase of 
$1,322,479; losses paid, $38,431,019, an increase of $5,805,- 
621 ; and expenses, $19,666,929, an increase of $829,696. 

The Massachusetts business shows $740,300,948 in risks 
written, on which the premiums collected amounted to 
$7,911,886. It is noticeable, that, while the risks written 
were $6,874,799 in excess of 1878, the premium receipts were 
$346,240 less. These results indicate about the usual 
volume, — eight hundred millions in all classes of insurance 
written in the State in 1879, with nearly twelve millions in 
premiums collected thereon. 



XX11 



REPORT OF THE 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 



... 






Increase or 


\ 


1878.* 


1879.t 


Decrease in 1879. 


Assets -> . 


$5,726,532 


$6,026,481 


-J-|299,949 


Liabilities . 


2,675,373 


2,606,704 


—68,669 


Surplus .... 


3,075,739 


3,419,777 


+344,038 


Income .... 


2,202,186 


2,130,386 


. —71,800 


Expenditures . 


2,065,302 


1,986,612 


—78,690 


Risks written . 


181,386,299 


170,882,026 


—10,504,273 


Net premiums received 


1,889,666 


1 807,686 


—81,980 


Risks outstanding . 


. 385,400,923 


391,585,041 


+6,184,118 


Losses paid 


752,031 


471,133 


—280,898 


Losses incurred 


559,213 


421,441 


—137,772 


Assessments collected 


12,806 


18,748 


+5,942 


Profits returned 


884,053 


1,108,650 


+224,597 


Expenses . . 


401,416 


382,012 


—19,404 



* Fifty-three Companies. 



t Fifty-one Companies. 



Comparative Table B. — Massachusetts Mutual Marine and Fire- 
Marine Insurance Companies. 



1878.* 



1879.* 



Increase or 
Decrease in 1879. 



Cash guarantee fund 

Subscription notes . 

Assets 

Liabilities 

Surplus . 

Income 

Expenditures . 

Risks written . 

Net premiums received 

Risks outstanding . 

Losses paid 

Losses incurred 

Expenses . 

Scrip dividends declared 

Scrip redeemed 

Scrip outstanding 



$765,200 
366,500 

3,202,430 
722,362 
262,466 
989,023 

1,126,816 
49,967.319 
875,418 
36,231,391 
689,315 
595,467 
146,389 
214,421 
146,620 

1,085,902 



$765,200 
357,000 

3,120,188 
696,000 
286,797 
840,868 

1,019,925 
53,441,592 
736,722 
40,715,029 
554,432 
617,643 
150,232 
141,849 
211,240 

1,015,191 



—$9,500 

—82,242 

—26,362 

+24,331 

—148,155 

—106,891 

+3,474,273 

—138,696 

+4,483,638 

• —134,883 

+22,176 

+3,843 

—72,572 

+64,620 

—70,711 



* Five Companies. 



INSURANCE COMMISSIONER. 



xxm 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 









Increase or De- 




1878.* 


1879.t 


crease in 1879. 


Cash capital 


$7,317,000 


$7,300,000$ 


—$17,000 


Assets .... 


13,253,528 


13,490,987 


. +237,459 


Liabilities 


3,454,514 


3,454,537 


+23 


Surplus .... 


9,799,014 


10,036,450 


-|-237,436 


Income .... 


4,761,066 


4,439,666 


—321,400 


Expenditures . 


4,528,192 


4,638,538 


+110,346 


Risks written . 


390,335,462 


430,363,545 


+40,028,083 


Net premiums received . 


4,167,976 


3,848,110 


—319.866 


Risks outstanding . 


370,315,364 


382,759,364 


+12,444,000 


Losses paid 


2,713,582 


2,812,750 


+99,168 


Losses incurred 


2,673,720 


3,020,203 


+346,483 


Expenses .... 


1,267,764 


1,302,879 


+35,115 


Cash dividends declared . 


546,000 


523,750 


—22,250 



* Twenty-six Companies. f Twenty-five Companies. 

X The Equitable Marine is not included. 



Comparative Table D. 



— Fire and Marine Insurance Companies 
of other States. 









Increase or De- 




1878.* 


1879.t 


crease in 1879. 


Cash capital 


$41,414,090 


$40,994,090 


—$420,000 


Assets .... 


114,278,449 


114,243,726 


—34,723 


Liabilities 


32,960,531 


34,228,619 


+1,268,088 


Income . . . . 


46,278,305 


46,300,441 


+22,136 


Expenditures . 


44,293,835 


46,831,167 


+2,537,332 


Fire risks written 


3,736,517,625 


3,840,174,481 


+103,656,856 


Net premiums received 


29,659,189 


30,165,419 


+506,230 


Marine risks written 


1,217,071,896 


1,283,374,247 


+66,302,351 


Net premiums received 


10,729,701 


10,317,248 


' —412,453 


Fire losses paid 


14,713,119 


17,521,776 


+ 2,808,657 


Marine or inl'd losses paid, 


7,844,622 


7,513,564 


—331,058 


Dividends paid 


5,258,045 


5,078,714 


—179,331 


Expenses .... 


13,201,959 


13,467,618 


+265,659 



* One hundred and nine Companies. 



| One hundred and six Companies. 



XXIV 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1878.* 


1879.t 


Increase or De- 
crease in 1879. 


Assets in United States . 


117,906,274 


120,730,902 


+$2,824,628 


Liabilities in United States, 


8,429,749 


9,750,974 


-fl,321,225 


Income .... 


12,701,418 


14,559,110 


+1,857,692 


Expenditures . 


9,732,432 


12,921,592 


+3,189,160 


Risks written . 


1,519,908,333 


1,879,356,590 


+359,448,257 


Net premiums received 


11,912,454 


13,671,638 


+1,759,184 


Losses paid 


5,912,729 


8,557,404 


+2,644,675 


Expenses . . 


3,819,705 


4,364,188 


+544,483 


* Nineteen Companies 


t 


Twenty-four Companies. 



Comparative Table F. — Massachusetts Business.* 





1878. 


1879. 


Increase or De- 
crease in 1879. 


Fire risks written 


$558,019,711 


$520,814,369 


—$37,205,342 


Fire premiums received . 


5,506,392 


5,020,482 


—479,910 


Fire losses paid 


2,547,811 


1,994,412 


—553,429 


Fire losses incurred . 


2,438,121 


2,500,451 


+62,330 


Marine risks written 


175,406,438 


219,486,579 


+44,080,141 


Marine premiums received, 


2,751,734 


2,885,404 


+133,670 


Marine losses paid . 


2,245,118 


2,011,473 


—233,645 


Marine losses incurred 


2,107,969 


1,982,864 


—125,105 



* For details of this business, see Table XII. 



INSURANCE COMMISSIONER. 



XXV 



Comparative Ratios of Table F. 



1878. 



1879. 



Increase or 
Decrease in 1879. 



Fire premiums received to risks written 
(premium rate) 

Fire losses incurred to risks written 

Fire losses incurred to premiums re 
ceived ..... 

Marine premiums received to risks 
written (premium rate) 

Marine losses incurred to risks written 

Marine losses incurred to premiums re- 
ceived ..... 



.99 
.44 

44.3 

1.57 
1.20 

76.6 



.96 

.48 

49.7 

1.31 

.90 

68.7 



—3 

-j-9.1 

+12.2 

—17 
—25 

—10.3 



Massachusetts Fire Record for 1879. 

The returns required from the city and town authorities 
of the State, under the provisions of chapter 104 of the Acts 
of 1878, relating to fires, etc., have been received and found 
in most cases comparatively complete. These statistics have 
been tabulated in sufficient detail, and will be found in the 
closing pages of the Statistical Tabulations following the 
text of this Report. 

In ninety-eight of the towns, no fires occurred during the 
year. The whole number of fires in the State was 1,807, an 
increase of 79 over 1878. The estimated loss by these fires 
was $3,584,700, and the insurance paid was 12,584,134. Of 
the whole number of losses making the aggregate, 532 were 
total, and 1,196 were partial. 

Among the fires reported, the following classification 
appears: Dwelling-houses, 713; barns and stables, 254; 
stores, 192 ; cotton and woollen factories, 37 ; various other 
manufactories, 203; public halls, 17; churches, 12; offices, 
34 ; unoccupied buildings, 85. Of the whole number of fires, 
324 were incendiary, reported and supposed ; 321 from 
exposure to other fires ; 177 from defective chimneys ; care- 
less use and exposure of matches, 90: 420 unknown. 



XXVI 



REPORT OF THE 



Massachusetts Receiverships. 

In accordance with the provisions of chapter 83 of the 
Acts of 1876, the unclosed accounts of the several Receivers 
of Insurance Companies have been examined, and abstracts 
of the same are herewith submitted : — 



Bay State Fire Insurance Company. 

No receipts or disbursements since April 2, 1877. 
Cash in hands of Receivers Dec. 31, 1879 

Boston Insurance Company. 

Cash in hands of Receivers Dec. 31, 1878 
Dividend since received ...... 



Cash on hand Dec. 31, 1879 

Conway Mutual Fire Insurance Company. 
Cash in Receivers' hands Dec. 6, 1878 .... 
Amount since received from assessments 



Paid sundry claims .... 
Paid sundry expenses 

Balance on hand Dec. 22, 1879 
Probable cash value of remaining assets 



$1,526 38 
316 36 



Exchange Insurance Company. 
No receipts or disbursements during the year. 
Cash in hands of Receivers Dec. 31, 1879 

Franklin Insurance Company. 
Cash on hand Dec. 11, 1878 . . . 
Received on claims against former Receivers 
for interest 



for salvage 



Total .... 
Paid sundry dividends . 

sundry return premiums . 
sundry expenses 

W. W. Byrnes and J. C. Rogers, former 
Receivers, per order of Cour 

Cash on hand Dec. 31, 1879 



$131 16 



$65 69 
2 85 

$68 54 



$4,071 78 
3,192 09 

$7,263 87 

4,842 74 

$2,421 13 
4,363 57 

Total $6,784 70 

Balances claimed, unpaid . . . . . $5,392 14 



$40,640 20 
168 38 
217 86 

8,000 00 



$497 45 



$9,480 80 

40,401 95 

467 80 

2 04 

$50,352 59 



49,026 44 
$1,326 15 



INSURANCE COMMISSIONER. 



XXVll 



Home Mutual Fire Insurance Company. 
Received cash and other property from Company . 
from assessments on premium notes . 
interest on deposits ..... 



Total receipts ....... 

Paid dividends and expenses, per order of Court . 

Cash on hand Dec. 31, 1879 .... 

Howard Fire Insurance Company. 

Cash on hand June 1, 1878 ..... 
Paid sundry dividends 



$898 94 

8,268 44 

85 39 

19,252 77 
4,369 03 

$4,883 74 



Cash on hand Dec. 31, 1879 .... 

Manufacturers' 1 Insurance Company. 

No change since last report. 

Cash on hand Dec. 11, 1878 . . . 

Alabama claims, $276,000, exclusive of interest. 

Merchants' Insurance Company. 

No receipts or disbursements during the year. 
Cash on hand Dec. 14, 1878 



National Insurance Company 

Cash on hand Dec. 12, 1878 . 
Receipts during the year 

Total .... 
Payments during the year 

Cash on hand Dec. 31, 1879 



New England Mutual Marine Insurance Company. 
Cash on hand Dec. 21, 1878 
Received on premium note 

Total 
Paid dividends 
Paid taxes and expenses . 

Cash on hand Dec. 31, 1879 

Neptune Insurance Company. 

Cash on hand Dec. 11, 1878 

Received for dividend and interest .... 

Total Dec. 31, 1879 

No payments during the year. 
Other assets remain as at last report. 



12,234 04 
122 63 

$2,111 41 



19 



$177 42 



$17,470 60 
10,959 50 



£28,430 10 
22,179 11 

$6,250 99 



$6,058 62 
57 30 



. . 


$6,115 


92 


$6 91 






292 80 


299 


71 



^5,810 21 



$9,389 68 
197 93 

$9,587 61 



xxviii REPORT OF INSURANCE COMMISSIONER. 

Northampton Mutual Fire Insurance Company. 

Cash received from former Receivers $479 62 

Assessments and prem. notes collected by present Receivers, 1,476 03 

Total . - . . $1,955 65 

Paid sundry claims ...... $1,215 41 

Paid sundry expenses . . . • • 165 33 

$1,380 74 



Cash on hand Dec. 31, 1879 $574 91 

People's Fire Insurance Company. 

Cash on hand, as per last account $498 93 

No disbursements during the year. 

Shoe and Leather Dealers' Fire and Marine Insurance Company. 
Cash on hand, as per last account . ...... $109 14 

No disbursements during the year. 

Suffolk Insurance Company. 
Cash on hand Dec. 31, 1878 ...... $1,278 12 

Dividends paid during the year . . . . . . 61 88 

Cash on hand Dec. 31, 1879 $1,216 24 

Washington Insurance Company. 

Cash on hand at last report ...... $3,575 14 

Assets since converted into cash ...... 25,999 52 



Cash on hand Dec. 31, 1879 $29,574 66 

Other assets and claims as at last report. 

A statute enacted at the present session of the Legislature 
(1880), intended to facilitate the relief and final discharge of 
Receivers of Insurance Companies, provides that dividends 
remaining in their hands for two years uncalled for shall be 
paid into the treasury of the Commonwealth, to be held for 
those having rightful claim thereto. 



STATISTICAL TABULATIONS. 



XXX 



REPORT OF THE 



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$37,387 

6,456 

224,116 

1,419 

13,212 


70,588 
60,367 

417,415 
1,197 

106,479 


rH CO b- CO CM 

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647 
41 

48,939 
318,812 
483,302 


$2,013,463 
338,862 

22,233,109 

35,489 

1,104,049 


5,190,426 
5,154,343 
43,656,290 
4,825,150 
5,116,181 


20,423,823 

372,402 

2,006,236 

1,324,191 

10,339,934 


861,700 

8,791,444 

13,512,649 

1,123,173 

3,312,550 


96,605 

1,341,154 

3,190,669 

21,271,548 

19,539,427 


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938,903 
491,290 
470,560 
836,125 
516,664 


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202,200 
458, 603 
977,416 
904,089 
996,883 


29,475 
301,749 
705,890 
372,831 
537,606 



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$714,989 

68,467 

22,913,264 

4,462 

189,875 


854,515 

1,038,271 

44,560,511 

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1,218,616 

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660,118 

318,251 


731,148 

222,770 

1,159,154 

2,121,210 

254,536 


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22,553,665 
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Mercantile (New York) 
Merchants' (Newark) . 
Merchants' (New Yprk) 


Merchants' (Providence) . 
Meriden Fire 

National Fire (Baltimore) . 
National Fire (Hartford) . 
National Fire (New York) 












Newark City 
Newark Fire 
New Hampshire Fire . 
New York and Boston 
New York Bowery 


New York City . 
Niagara Fire 
Northern 

Northwestern National 
Orient .... 


Orient Mutual 
Pacific Fire . 
Pacific Mutual . . 
Park Fire 
Pennsylvania Fire 


People's (Newark) 
People's (Trenton) 
Phenix (Brooklyn) 



INSURANCE COMMISSIONER. 



xlix 



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INSURANCE COMMISSIONER. 



Table XII. — Massachusetts Business for 1879. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 


Premiums 


Dep. Notes 


Losses 


Losses 




written. 


received. 


received. 


paid. 


incurred. 


Abington 


$712,489 


$11,707 


$35,121 


$7,367 


$7,692 


Annisquam .... 


68,467 


- 


4,757 


- 


- 


Arkwright 


9,686,747 


85,092 


425,462 


2,639 


2,435 


Ashfield 


4,463 


22 


138 


1,355 


- 


Attleborough .... 


189,875 


1,308 


5,192 


543 


1,550 


Barnstable County . 


854,515 


14,867 


27,940 


12,551 


11,488 


Berkshire . . . . 


1,038,271 


12,755 


36,669 


7,331 


8,237 


Boston Manufacturers' 


18,977,725 


159,211 


796,055 


21,599 


8,971 


Bristol County .... 


499,350 


3,073 


63,343 


4,815 


4,641 


Cambridge 


1,551,089 


20,291 


40,482 


5,644 


5,733 


Citizens' 


4,294,775 


58,416 


115,370 


24,577 


19,576 


Cobasset 


49,255 


767 


3,010 


_ 


_ 


Cotton and Woolen Manufac. . 


706,689 


7,353 


36,763 


6,608 


6,608 


Dedham 


497,646 


7,697 


15,217 


1,187 


1,187 


Dorchester 


2,757,484 


41,617 


83,234 


19,534 


24,066 


Essex 


159,300 


3,027 


9,082 


1,481 


1,481 


Fall River Manufacturers' 


3,950,089 


35,445 


177,227 


3,981 


2,365 


Fitchburg Mutual (first class) . 


2,870,458 


41,639 


41,639 


23,145 


18,668 


Fitchbu'rg Mutual (sec'd class), 


774.518 


11,820 


11,820 


3,052 


3,052 


Franklin Mutual 


432,271 


5,094 


15,136 


4,041 


4,916 


Granby 


22,675 


123 


1,026 


_ 


_ 


Groveland 


306,092 


- 


17,255 


768 


68 


Hampshire .... 


779,175 


9,818 


29,453 


7,735 


7,735 


Hingham 


3,409,726 


59,637 


117,698 


33,950 


36,083 


Lowell 


774,235 


7,981 


23,943 


760 


1,714 


Lynn 


357,105 


5,075 


20,301 


424 


424 


Merchants' and Farmers' 


2,726,856 


37,010 


74,020 


20,639 


17,998 


Merrimack . . . 


3,642,234 


49,646 


96,385 


23,903 


20,649 


Middlesex 


4,389,781 


65,461 


65,461 


21,067 


23,067 


Milford 


136,820 


1,528 


4,585 


790 


10 


Mill-Owners' . 


4,033,386 


38,042 


190,210 


4,537 


4,461 


Mutual Fire Assurance . 


684,100 


11,045 


22,090 


1,105 


2,739 


Mutual Protection 


292,300 


3,013 


9,005 


5 


5 


Newhuryport 


114,700 


1,439 


11,372 


850 


850 


Norfolk 


2,994,834 


47,593 


93,225 


25,039 


20,675 


Quincy 


6,152,543 


85,793 


85,793 


19,403 


24,233 


Salem 


449,900 


6,405 


19,215 


29 


29 


Salisbury and Amesbury . 


44,4:;o 


363 


3,627 


638 


_ 


Saugus 


817,975 


- 


100,196 


1,353 


1,353 


Shclburne 


4,050 


- 


242 


29 


- 


South Danvere .... 


161,275 


3,600 


10,799 


118 


118 


Traders' and Mechanics' . 


3,606,306 


52,071 


52,071 


11,018 


12,518 


Westfield 


59,875 


846 


2,492 


2,250 


3,900 


West ford 


72,150 


718 


1,4:57 


1,404 


l.lol 


West Newbury .... 


245,:; co 


104 


13,927 


539 


539 


Weymouth and Braintree 


31,600 


313 


1,290 


775 


275 


Worcester Manufacturers' 


7,19s, 130 


64,195 


320,975 


13,353 


4,417 


Worcester Mutual . 


7,204,506 


107,826 


215,652 


30,627 


33,854 


Totals . . . . ■ . 


$100,787,895 


$1,180,846 


$3,547,402 


$374,558 


$351,784 



Massachusetts Mutuals with Guarantee Capital. 



Massachusetts .... 
Mechanics' .... 


$6,177,986 

2,203,617 

327,765 


$76,883 
19,705 

.".,617 


$77,322 


..711 

1,427 

17,851 


10,037 

1,371 

15,838 


Total- 


$8,709,868 


$99,705 


$77,822 


S II, '.ISO 


$47,246 



lii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1 879 — Continued. 
Massachusetts Mutual Marine and Fire-Marine Companies. 

Fire Business. 



NAME OF COMPANY. 


Risks 
written. 


Prems. 
received. 


Losses 
paid. 


Losses 
incurred. 


Boylston Mutual 

New England Mutual 


$6,154,892 
662,015 


$36,858 
5,054 


$12,778 
35 


$18,066 
3,035 


Totals . . . 


$6,816,907 


$41,912 


$12,813 


$21,101 



Marine Business. 



Atlantic Mutual Fire and Marine 
Boylston Mutual ..... 

China Mutual 

India Mutual . '.'.'. 

New England Mutual .... 


$522,799 

14,565,897 

17,395,969 

2,659,489 

2,949,658 


$28,257 

125,511 

290,292 

98,092 

97,157 


$23,114 

62,389 
200,087 

67,016 
106,966 


$9,527 
63,239 

240,087 
72,449 

120,506 


- Totals . 


$38,093,812 


$639,309 


$459,572 


$505,808 



Massachusetts Joint-Stock Companies. 

Fire Business. 



Alliance 
American 
Commomvealth 
Dwelline-House 
Eliot . 



Faneuil Hall 
Firemen's Fire . 
First National Fire 
Franklin of Boston 
Gloucester Fire . 



Manufacturers' Fire and Marine 
Mechanics' Mutual (Stock Department) 
Mercantile Marine 
Neptune .... 
North America . 



Prescott .... 
Revere Fire .... 
Shawmut . . . 
Shoe and Leather 
Springfield Fire and Marine 

Traders' and Mechanics' . 
Washington 



Totals 



$4,904,928 
2,738,982 
6,751.198 
2,558,915 
2,160,171 

2,931,074 
6,135,521 
3 656,665 
2,473,375 
1,380,378 

8,532,588 
1,682,339 
. 2,873,817 
3,412,900 
3,586,038 

3,948,260 
3,887,227 
1,866,289 
7,964,270 
9,412,973 

2,115,400 
3,877,243 



$88,850,551 



$58,199 
17,249 
55,869 
17,781 
23,930 

39,238 
55,775 
47,654 
24,772 
18,142 

76,304 
17,035 
14,742 
34,263 

24,008 

39,379 
31,855 
22,011 
77,680 
100,773 

21,937 
30,227 



$848,823 



$34,068 

2,872 

24,796 

1,808 

6,252 

23,300 
20,892 
18,118 
456 
11,609 

29,752 

4,946 

348 

13,020 
1,978 

11,601 
8,741 
14,491 
28.336 
45,942 

13,237 
4,913 



$321,476 



$29,642 

2,872 

31,077 

1,808 

6,552 

25,800 
29,824 
23,805 
8,481 
15,471 

76,355 
6,435 
3,448 

24,520 
1,978 

20,523 
14,157 
13,362 
34,304 

57,638 

10,952 
14,102 



$453,106 



Marine Business. 



American 


$4,587,851 


$51,187 


$26,641 


$24,938 


Beverly 


13.200 


1,082 


1,400 


1,200 


Boston Marine 


19,259,768 


486,393 


285.243 


306,137 


Faneuil Hall 


1,886,345 


12,968 


2,442 


4,852 


Gloucester Fire 


329,837- 


8,770' 


21,413 


15,380 


Manufacturers' Fire and Marine 


12,270,385 


99,670 


78,764 


52,071 


Mercantile Marine 


4,975,077 


57,508 


56,676 


54,596 


Neptune 


1,420,701 


38,403 


57,291 


57,291 


Salem Marine 


2,237,719 


42,793 


35,926 


35,926 


Shoe and Leather 


14,151,672 


138,861 


70,809 


73,310 


Washington 


5,669,989 


88,293 


54,212 


51,654 


Totals 


$66,802,544 


$1,025,928 


$690,817 


$677,355 



INSURANCE COMMISSIONER. 



liii 



Table XII. — Massachusetts Business for 1879 — Continued. 

Companies oe other States. 

Fire Business. 



NAME OF COMPANY. 


' Risks 


Premiums 


Losses 


Losses 




written. 


received. 


paid. 


incurred. 


./Etna . . . . . 


$14,666,734 


$139,731 


$77,768 


$78,441 


Albany 


372,167 


3,732 


2,875 


2,673 


American 


567,875 


3,916 


589 


8,089 


American Central 


1,579,075 


19,824 


11,911 


14,527 


American Exchange 


522,492 


4,464 


180 


4,180 


American Fire (New York) 


995,927 


4,276 


5,110 


5,110 


American Fire (Philadelphia) . 


2,324,115 


18,827 


3,232 


6,490 


Atlantic Fire and Marine .... 


516,931 


5,227 


4,504 


6,204 


Buffalo 


771,220 


6,189 


2,229 


7,281 


Buffalo German . . . 


1,741,515 


15,168 


1,792 


4.778 


Citizens' (New York) .... 


1,479,153 


10,955 


4,430 


5,519 


Citizens' (St. Louis) 


680,726 


8,937 


3,061 


.6,146 


City Fire 


1,145,882 


5,476 


3,304 


10,220 


Clinton 


1,416,441 


7,445 


1,495 


4,995 


Columbia 


960,829 


11,255 


9,397 


10,147 


Commerce 


1,104.639 


10,274 


5,764 


8,410 


Commercial Fire . . .- . 


2,046,702 


11,396 


7,623 


11,340 


Commercial Mutual 


304,675 


1,684 


18 


18 


Connecticut Fire 


3,156,553 


29,914 


21,464 


22,786 


Continental 


4,925,155 


41,401 


12,779 


9,743 


Delaware Mutual Safety .... 


3,415,607 


13,357 


10,470 


10,470 


Enterprise Fire and Marine ... 


920,682 


12,710 


11,633 


15,427 


Equitable Fire and Marine 


1,880,273 


16,720 


1,349 


5,518 


Exchange Fire 


1,078,000 


9,180 


4,553 


7,553 


Fairfield Fire 


2,014,015 


18,090 


10,791 


12,410 


Farragut Fire 


474,895 


3,107 


63 


1,375 


Fire Association 


5,977,892 


63,388 


32,589 


27,619 


Fireman's Fund 


1,249,835 


10,125 


8,787 


10,517 


Firemen's (Baltimore) . . . . 


738,109 


6,537 


381 


4,131 


Firemen's (Dayton) 


513,964 


5,258 


1,345 


4,345 


Firemen's (Newark) 


1,227,834 


8,359 


4,458 


6,830 


Firemen's (New York) . . 


652,753 


3,370 


29 


29 


Franklin 


4,149,069 


42,750 


22,440 


22,440 


German 


919„847 


12,898 


2,765 


5,800 


German American . . . . 


5,881,294 


49,536 


26,980 


38,621 


Germania 


2,604,796 


29,024 


12,333 


17,984 


Girard Fire and Marine .... 


723,170 


5,427 


3,127 


9,363 


Glen's Falls 


1,296,412 


10,983 


4,877 


5,692 


Globe Fire 


442,342 


3,477 


- 


4,375 


Guardian Fire 


748,633 


5,138 


700 


3,365 


Hanover Fire 


3,593,884 


30,934 


7,090 


8,341 


Hartford Fire 


7,155,860 


66,802 


31,042 


36,422 


Hoffman Fire 


1,688,280 


16,785 


2,805 


5,685 


Home 


14,528,833 


129,583 


64,820 


66,330 


Howard 


1,582,238 


14,510 


9,764 


15,039 


Insurance Company of North America . 


9,279,543 


90,780 


48,010 


22,498 


Insurance < tompany, State of Pennsylvania, 


1,203,070 


14,239 


520 


3,020 


Irving 


298,801 


2,885 


603 


603 


Knickerbocker 


308,061 


2,684 


- 


2,875 


Lamar 


791,494 


6,886 


5,895 


5,232 


Lor i Hard 


2,259,880 


11,175 


• 5,210 


6,710 


Manhattan ....... 


3,760,275 


35,118 


17,042 


18,131 


Manufacturers' . . . . 


722,413 


9,176 


5,264 


7,235 


Manufacturers' and Builders' . 


185,642 


1,287 


37-") 


37.") 


Mercantile (< Jleveland) .... 


882,795 


7,089 ■ 


2,653 


8,999 


Mercantile (New STork) .... 


326,016 


1 ,259 


_ 


2,250 


Merchants' ( Newark) .... 


2,322,888 


19,1 17 


4,440 


10,952 


Merchants' (New Fork) .... 


518,810 


3,027 


7,658 


7,658 


Merchants' (Providence) .... 


2,637,523 


26,911 


15,414 


19,828 



liv 



REPORT OF THE 



Table XII. — Massachusetts Business for 1879 — Continued. 

Fire Business. 





Risks 


Premiums 


Losses 


Losses 


NAME OF COMPANY. 












written. 


received. 


paid. 


incurred. 


Meriden Fire 


$1,898,145 


$23,917 


$11,012 


$12,316 


National Fire (Baltimore) 


921,617 


8,499 


2,217 


457 


National Fire (Hartford) ..... 


2,152,321 


21,263 


6,765 


2,156 


National Fire (New York) 


915,331 


7,699 


4,269 


4,269 


Newark City 


710,745 


7,590 


7,104 


11,044 


Newark Fire 


1 ,044.000 


11,688 


1,347 


6,297 


New Hampshire Fire 


2,796,875 


33,239 


15,322 


12,932 


New York and Boston .... 


317,635 


2,857 


2,477 


2,477 


New York Bowery 


563,813 


10,604 


5,897 


14,397 


New York City 


1,316,407 


12,514 


2,046 


2,296 


Niagara Fire 


2,310,019 


17,616 


3,483 


3,773 


Northern 


774,986 


8,695 


1,669 


4,248 


Northwestern National .... 


1,408,758 


11,825 


539 


6,535 


Orient 


2,684,372 


26,069 


11,981 


13,019 


Pacific 


2,005,707 


14,323 


3,751 


3,751 


Park . 


488,012 


3,846 


12 


4,580 


Pennsylvania 


5,144,063 


54,154 


26,779 


33,469 


People's (Newark) 


1,667,887 


19,904 


8,068 


12,134 


People's (Trenton) 


1,747,409 


13,233 


4,321 


7,117 


Phenix (Brooklyn) . . . 


6,408,305 


52,374 


15,518 


17,423 


Phoenix (Hartford) . . 


6,232,401 


64,481 


34,430 


36,127 


Providence (Washington) .... 


3,289,395 


30,137 


11,639 


16,194 


Relief ........ 


686,718 


6.074 


1,245 


1,245 


Republic Fire . . 


809,110 


4,548 


- 


217 


Rochester Grerman 


1,828,275 


18,386 


6,426 


6,467 


Rutgers 


1,014,985 


7,356 


1,456 


5,856 


Security 


1,018,804 


11,181 


4,246 


9,944 


Standard (New York) .... 


453,157 


4,175 


12 


1,612 


Standard (Trenton) 


1,385,848 


19,172 


15,817 


15,784 


Star Fire 


1,419,710 


10,251 


4,755 


6,830 


Sterling Fire 


185,642 


1,287 


_ 


375 


St. Nicholas 


1,479,789 


12,824 


1,826 


5,912 


St. Paul Fire and Marine .... 


1,040,328 


12,942 


10,692 


10,035 


Toledo Fire and Marine .... 


458,039 


6,174 


4,545 


9,816 


Trade 


750,062 


11,255 


3,591 


3,198 


Traders' 


911,652 


10,169 


6,598 


22,591 


Tradesmen's Fire 


1,556,905 


16,052 


1,227 


5,125 


Union 


739,683 


5,813 


1,995 


6,078 


United Firemen's 


945,621 


11,276 


975 


6,975 


"Watertown Fire 


3,860,400 


33,848 


26,160 


22,132 


Westchester 


4,846,197 


40,217 


26,272 


35,471 


Williamsburgh City . . . . . 


2,400,464 


18,365 


5,414 


10,914 


Totals 


$206,823,624 


$1,897,694 


$871,698 


$1,102,732 



INSURANCE COMMISSIONER. 



lv 



Table XII. — Massachusetts Business for 1879 — Concluded. 
Marine and Inland Business. 



NAME OF COMPANY. 



Risks 
written. 



Premiums 
received. 



Losses 
paid. 



Losses 
incurred. 



• 

Atlantic Mutual 


$9,228,447 


$193,911 


854,183 


$54,183 


Commercial Mutual 


954,332 


25,326 


17,146 


17,146 


Delaware Mutual Safety .... 


25,341,246 


357,380 


195,490 


192,834 


Great Western 


5,955,089 


38,959 


34,153 


48,728 


Insurance Company of North America . 


50,740,284 


362,596 


273,761 


315,478 




7,933 


20 


_ 


_ 


Northwestern National .... 


1,142,2S4 


7,338 


1,492 


1,492 


Orient Mutual 


656,366 


10,723 


1,070 


1,070 


Pacific Mutual 


7,512,297 


121,865 


163,050 


80,031 




12,100,809 


90,669 


118,380 


86,380 


United States Lloyds 


951,136 


11,380 


2,359 


2,359 


Totals 


§114,590,223 


§1,220,167 


$861,084 


8799,701 



United States Branches Foreign Companies. 

Fire Business. 



British America 


83,414.935 


833,131 


$18,706 


$34,103 


Caisse Generate 


2,259,206 


30,940 


3,495 


14,495 


Commercial Union 


14,244,067 


105,560 


33,138 


45,920 


Confiance 


1.: 376,639 


13.358 


37 


2,903 


Guardian Assurance 


2,916,947 


23,141 


7,017 


11,426 


Hamburg-Bremen 


2,380,262 


19,712 


4,357 


13,457 


Hamburg-Magdeburg .... 


1,477.762 


13,883 


417 


6,117 


Imperial 


3,081,356 


27,672 


5,932 


■ 11,821 


Lancashire 


6,436,466 


65,856 


46,857 


49,374 


Liverpool and London and Globe 


21,041,744 


150,351 


92,003 


97,773 


London Assurance 


4,529,091 


37,017 


15,662 


15,662 


London and Lancashire .... 


2,538,303 


24,578 


132 


3.249 


Metropole 


2,425,301 


25,306 


- 


5,000 


North British and Mercantile . 


11,061,423 


100,05] 


43,378 


38,843 


Northern Assurance 


3,081,356 


. 27,672 


5,932 


11,821 


North German Fire 


2.177.065 


21,465 


13,359 


21,491 


Norwich Union 


1,339,161 


S..SV2 


258 


258 


Phoenix A.-surance 


1,033,445 


6.232 


- 


_ 


Queen 


7,657,600 


76,911 


26,101 


31,075 


Reassurances Generates .... 


429,15s 


4,754 


- 


- 


Royal 


13,069,934 


130,758 


54.699 


66,760 


Scottish Commercial 


3,451,645 


31 .575 


17,804 


Is. 727 


Transatlantic 


1,220,637 


12.212 


11,853 


13,474 


Western Assurance 


1,964,615 


21,887 


3,699 


19,733 




8114,608,118 


11,012,004 


|404,827 


$524,482 



lvi 



REPORT OF THE 



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lxii 



REPORT OF THE 



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INSURANCE COMMISSIONER. 



lxiii 



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lxiv 



REPORT OF THE 



Table C. — Causes of Fires classified. 



Property. 



Agricultural implement manufacto- 
ries 

Almshouses 



Bakeries and confectioneries 



Barbers' shops 



Cause of Fires. 



K i 



Barns and private stables . . . \ 



Basket manufactories . 

Blacksmiths' shops 

Bleacheries . . » • • . • 

i 

I 

Boarding and lodging houses . . i 



Boiler and engine houses . 
Bookbinderies . . . 
Book and stationery stores . 

Boot and shoe manufactories 

Boot and shoe stores . . 

Breweries 

Brick kilns 

Carpet-lining manufactories 
Cement manufactories 

Chain shops and founderies 

Churches .... 

Cider mills .... 
Cigar stores and manufactories 

Clothing stores . ' . 

Club rooms and billiard halls . 

Cotton-batting manufactories, waste- 
houses, jute and shoddy mills . 

Cotton factori.es . . . - 



"I 



Unknown, 1. 

Exposure, 1; unknown, 1. 

Boiling over of fat, 1; children with 
matches, 1; defective boiler, 1; de- 
fective chimney, 2; defective heating 
apparatus, 1; defective oven, 8; 
spontaneous, 1; unknown, 2. 

Exposure, 3; incendiary, 1; unknown, 
3. 

Breaking of lantern, 6; careless use of 
matches, 1; children with matches, 
22; defective chimney, 2; defective 
heating apparatus, 1; exposure, 34; 
fireworks, 1; incendiary, 121; light- 
ning, 10; rats with matches, 1; 
smoking, 5; sparks from chimney, 1; 
sparks from locomotive, 1; sponta- 
neous, 2; unknown, 87. 

Sparks from stove, 1. 

Exposure, 6; incendiary, 3; sparks 
from forge, 3; unknown, 4. 

Unknown, 1. 

Boiling over of fat, 1 ; clothes exposed 
to stove or lamp, 1; defective chim- 
ney, 2; defective heating apparatus, 
2; exposure, 3; exposure to gas jet, 
1; kerosene lamp, 1; smoking, 2; 
unknown, 4. 

Incendiary, 2; sparks from furnace, 3; 
spontaneous, 1; unknown, 2. 

Exposure, 4. 

Defective chimney, 1; exposure, 4; 
smoking, 1; unknown, 4. 

Careless use of matches, 1; defective 
boiler, 1; defective chimney, 1; ex- 
posure, 7; ignition of compo, 1; in- 
cendiary, 3; lamp left burning, 1; 
smoking, 2; sparks from chimney, 2; 
sparks from stove, 2; unknown, 13. 

Exposure, 7; defective heating appa- 
ratus, 1; unknown, 2; 

Incendiary, 1; unknown, 1. 

Sparks from kiln, 2. 

Unknown, 1. 

Boiling over of cement or tar, 2. 

Defective furnace, 2; friction, 1; sparks 
from chimney, 1; unknown, 4. 

Careless use of matches, 1; defective 
heating apparatus, 3; exposure, 2; 
exposure to gas jet, 2; fireworks, 1; 
lightning, 1; unknown, 2. 

Lightning, 1. 

Exposure, 1; kerosene lamp or stove, 
2; smoking, 1; unknown, 4. 

Defective heating apparatus, 2; expo- 
sure, 5; exposure to gas jet, 1; smok- 
ing, 1; unknown, 3. 

Defective heating apparatus, 1; expo- 
sure, 2; smoking, 1; unknown, 2. 

Friction, 3; gas explosion, 2; incen- 
diary, 1; smoking, 2; spontaneous, (3; 
unknown, 3. 

Defective boiler, 1; friction, 3; light- 
ning, 2; spontaneous, 1. 



INSURANCE COMMISSIONER. 



lxv 



Table C. — Causes of Fires classified — Continued. 



Property. 



Cause of Fires. 



< -rockery and glassware stores . 
Curled hair manufactories . 
Curriers' shops, morocco manufacto- 
ries, and tamieries . 

Dining rooms . . . ■ 



Drug stores 



Dry, woollen, fancy goods, and trim- 
ming stores ...... 



Dwelling houses 



Dyewood and chemical works 
Dye works .... 

Flouring and grist mills 

Fruit stores .... 

Furniture stores . 

Gas works .... 

General stores 

Glue manufactories 
Grain elevators 

Grain stores .... 

Grease-rendering works 

Greenhouses .... 

Grocery stores 

Hardware stores . 

Harness manufactories 
Hat and cap manufactories 
Hat and cap stores 

Hay stores .... 
Hotels 



Icehouses 



Exposure, 2. 

Unknown, 1. 

Friction, 2; incendiary, 1; sparks from 
chimney, 1; unknown, 1. 

Defective heating apparatus, 2; expo- 
sure, 4; exposure to gas jet. 1; kero- 
sene lamp, 1; leak in gas pipe, 1; 
unknown, 4. 

Exposure, 3; gas explosion, 1; ignition 
of volatile oil, 1; incendiary, 3; ker- 
osene lamp, 2; spontaneous, 1; un- 
known, 2. 

Defective chimney, 2; defective heat- 
ing apparatus, 1 ; exposure, i>; expo- 
sure to gas jet, 2; incendiary, 1; 
smoking, 1; unknown, 2. 

Ashes in wooden vessels, 12; boiling 
over of fat, 1 ; careless use of match- 
es, 13; children with matches, 40; 
clothes exposed to stove or lamp, 7; 
defective chimney, 1(51; defective 
heating apparatus, 47; exposure, 87; 
exposure to gas jet, 13: fireworks, 2; 
hot soapstone in bed, 1; incendiary, 
53; kerosene lamp, 43; lightning, 9; 
rats and matches, 9; smoking, 7; 
sparks from chimney, 31; sparks 
from locomotive, 2; spontaneous, H; 
thawing water pipe, 4; uncovered 
chimney holes, 5; unknown, 160. 

Defective furnace, 1. 

Exposure, 1. 

Exposure, 2; incendiary, 1; smoking, 
1: sparks from furnace, I. 

Unknown, 2. 

Exposure, 1; unknown, 1. 

Unknown, 1. 

Exposure, 2; incendiary, 2; kerosene 
lamp, 1; spontaneous, 1; unknown, 
4. 

Sparks from chimney, 1. 

Unknown, 1. 

Exposure, 5; incendiary, 1; unknown, 
1. 

Incendiary, 1; thawing water pipe, 1. 

Defective chimney, 3; incendiary, 1; 
sparks from stove, 1. 

Defective chimney, 1; exposure, 8; 
ignition of oil, 3; spontaneous, 1; 
unknown, S. 

Defective chimney, 1; defective heat- 
ing apparatus, 1; exposure, 4; smok- 
ing, 1 ; unknown, 2. 

Exposure, 2; spontaneous, 1. 

Unknown, 2. 

Exnosure, 2. 

Incendiary, 1; smoking, 1; unknown, 
1. 

( lareless use of matches, l ; defect Ive 
boiler, l ; defective heating appara- 
1 ns. I ; exposure, l ; kerosene lamp, 
:»: lean in gas pipe, l ; smoking, I ; 

sparks from chimney, l : unknown, ■'>. 

Children \\ ii h matches, I ; incendiary , 

.'!; unknow n, 1 . 



lxvi 



REPORT OF THE 



/ 



Table C. — Causes of Fires classified — Continued. 



rEOPERTT. 



Cause of Fires. 



Ink manufactories . f 
Jewelry stores . . , 

Junk stores .... 

Lamp-black manufactories . 

Leather-board manufactories 
Leather stores . . . 
Lime sheds .... 

Liquor stores and saloons . 

Livery stables 

Lumber sheds and wharves 

Machine shops 

Marble works 

Mason and plumbing works 

Millinery stores 



Offices .... 

Oil-clothing manufactories 
Oil stores 

Oil works 



Paint shops . 

Paper^box manufactories 
Paper mills . 

Paper stores .'-... 

Pawn shops . 

Photograph rooms 

Pickle manufactories . 
Potteries 

Printing establishments 
Provision stores . 



Public halls . 



Railroad depots, cars, and coal sheds, \ 



Boiling over of oil, 1; ignition of gas, 
1; spontaneous, 1. 

Ashes in wooden vessels, 1 ; exposure, 
9; unknown, 3. 

Incendiary, 3; sparks from locomo- 
tive, 1; spontaneous, 2; unknown, 
6; upsetting of stove, 1. 

Overheated dryhouse, 1; sparks from 
furnace, 1. 

Unknown, 1. 

Exposure, 1. 

Lime and water, 2. 

Boiling over of fat, 1; exposure, 5; 
incendiary, 3; kerosene lamp, 1. 

Defective heating apparatus, 1; expo- 
sure, 1; sparks from chimney, 1; un- 
known, 1. 

Exposure, 3; incendiary, 8; spontane- 
ous, 1; unknown, 1. 

Defective heating apparatus, 2; expo- 
sure, 2; incendiary, 1; smoking, 1; 
sparks from forge, 1; sparks from 
furnace, 1; sparks from chimney, 1; 
unknown, 6. 

Exposure, 1; incendiary, 1. 

Exposure, 1; incendiary, 1. 

Defective chimney, 1; exposure, 2; in- 
cendiary, 2; kerosene lamp, 1; smok- 
ing, 1; unknown, 1. 

Ashes in wooden vessels, 1 ; exposure, 
19; incendiary, 3; kerosene lamp, 2; 
smoking, 1; unknown, 8. 

Exposure, 2; spontaneous, 1. 

Exposure, 1. 

Boiling over of oil, 2; ignition of 
naphtha, 1. 

Exposure, 3; ignition of oil, 1; incen- 
diary, 1; spontaneous, 4; unknown, 
1. 

Incendiary, 1. 

Friction, 1; incendiary, 2; spontane- 
ous, 1; unknown, 2. 

Exposure, H; incendiary, 3; spontane- 
ous, 1; unknown, 1. 

Incendiary, 1 ; smoking, 1. 

Exposure, 3; ignition of varnish, 1; 
unknown, 2. 

Unknown, ]. 

Unknown, 1. 

Exposure, 12; incendiary, 2; sponta- 
neous, 1; unknown, 3. 

Careless use of matches, 1; defective 
heating apparatus, 1; exposure, 6; 
fireworks, 1; incendiary, 1; sponta- 
neous, 1. 

Defective chimney, 1; defective heat- 
ing apparatus, 1; exposure, 7; expo- 
sure to gas jet, 1; incendiary, 3; 
kerosene lamp, 1; rats with matches, 
1; sparks from chimney, 1; un- 
known, 1. 

Ashes in wooden vessels, 1; children 
with matches, 1; defective heating 
apparatus, 1 ; exposure, 1 ; incendi- 
ary, G; sparks from chimney, 1; 
sparks from locomotive, 3; sponta- 
neous, 2; unknown, 1. 



INSURANCE COMMISSIONER. 



lxvii 



Table C. — Causes of Fires classified — Concluded. 



Property. 



Cause of Fires. 



Ropewalks . 
Rubber mills 
Sail lofts 

Saw and planing mills 



Schoolliouses 

Shoemakers' shops 

Shoe-blacking manufactories 

Slaughter houses . 

Soap manufactories . 
State Prison workshop 

Storehouses .... 

Stove and tinware stores . 

Straw works 
Tailoring and d 

lishments . 
Tin shops 
Toy stores 
Trunk stores 
Undertakers' stores 



•essmaking estab- 



Unoccnpied buildings 

Upholsterers' shops 

Varnish manufactoi'ies 
Vessels (at wharves) . 

Whip manufactories . 
Wood sheds . 



Wood- working establishments 

Wool stores . 
Woollen factories . 



Boiling over of tar, 1; unknown, 2. 

Friction, 1. 

Incendiary, 1. 

Exposure, 1; incendiary, 1; lightning, 
1; sparks from chimney, 2; sparks 
from stove or furnace, 3; spontane- 
ous, 1; unknown, ft. 

Children and matches, 1; defective 
heating apparatus, 3; exposure, 1; 
incendiary, 2; unknown, 6. 

Exposure, i; incendiary,!; unknown, 
1. 

Exposure, 1. 

Incendiary, 1; defective heating appa- 
ratus, 1. 

Incendiary, 1; unknown, 1. 

Unknown, 1. 

Boiling over of pitch, 1; children with 
matches, 1; exposure, 2; incendiary, 
5; lightning, 1 ; sparks from hoisting 
engine, 1; spontaneous, 1: unknown, 
G. 

Exposure, 3; incendiary, 1; kerosene 
lamp, 1. 

Incendiary, 1. 

Exposure, 8; incendiary, 1; rats with 
matches, 1; unknown, 2. 

Exposure, 1. 

Exposure, 2. 

Spontaneous, 1; unknown, 1. 

Unknown, 1. 

Children with matches, 1; defective 
heating apparatus, 1; exposure, 3; 
incendiary, G4; lime and water, 1; 
lightning, 1; unknown, 14. 

Incendiary, 1; sparks from stove, 1; 
spontaneous, 1; unknown, 1. 

Spontaneous, 1. 

Incendiary, 2; unknown, 2. 

Explosion of Japan oven, 1 ; unknown, 
1. 

Ashes in wooden vessels, 1; children 
with matches, 2; exposure, 1 ; incen- 
diary, 3; spontaneous, 1; unknown, 
• >. 

Children with matches, 1; defective 
boiler, 1 ; defective heating appara- 
tus, 4; exposure, 5; fireworks, 1; fric- 
tion,!; incendiary, 12; lightning, 1; 
sparks from chimney, 2; sparks from 
locomotive, 1; sparks from furnace 
or stove, ft; spontaneous, 5; unknown, 
9. 

Exposure, 1. 

Defective furnace, 1; friction,?; kero- 
sene lamp,]; leak in gas pipe, 1; 
spontaneous, 1; unknown, 4. 



I 



lxviii 



REPORT OF THE 



Summary of Causes. 



Cause. 


No. 


Cause. 


No. 


Unknown . 


442 


Defective oven . , . 


8 


Incendiary (as reported) 


339 


Sparks from locomotive 


8 


Exposure 


331 


Boiling over of oil, pitch, or tar, 


7 


Defective chimney 


178 


Breaking of lantern . 


6 


Defective heating apparatus 


82 


Fireworks 


6 


Children with matches 


71 


Defective boiler .... 


5 


Kerosene lamp .... 


(iO 


Thawing of water pipe 


5 


Spontaneous 


48 


Uncovered chimney holes. 


5 


Sparks from chimney . 


46 


Sparks from forge 


4 


Smoking ..... 


31 


Boiling over of kettle of fat 


4 


Lightning 


27 


Explosion of gas. 


3 


Exposures to gas jet . 


21 


Leak in gas pipe . 


3 


Friction 


19 


Lime and water .... 


3 


Sparks from stove or furnace 


19 


Sparks from kiln 


2 


Careless use of matches 


18 


Explosion of Japan oven . 


1 


Ashes in wooden vessels 


16 


Hot soapstone in bed 


1 


Rats with matches 


12 


Lamp left burning 


1 


Ignition of volatile oil . 


9 


Overheated dryhonse 


1 


Clothes exposed to stoves or 




Sparks from hoisting engine 


1 


lamps 


8 


Upsetting of stove 


1 



INSURANCE COMMISSIONER. 



lxix 



Statement of the Receipts and Expenditures of the Insurance 
Department for the Year ending Dec. 31, 1879. 

[Made pursuant to chapter 267, section 9, Acts of 1867.] 

Receipts. 



Compensation for valuation of life insurance policies 
License fees, filing statements, certificates, etc. 



$14,991 86 
19,138 22 



-134,130 08 



Expenditures. 



Julius L. Clarke, salary from May 3 


$1,997 33 






Stephen H Bhodes, salary to March 12 


763 43 






William S. Smith, Deputy .... 


2,500 


00 


$5,260 


76 


Clerks. 






Fred L. Cutting, 1st Clerk .... 


$1,833 33 






James G. Bovey, 2d Clerk .... 


1,500 


00 






Herbert Morrissey, extra Clerk . . 


1,033 


33 


4,366 


66 








Extra Clerks. 










C. E. Weiss . 


$840 00 






C. L. Sawyer 












840 


00 






S. J. P. Leeds 












210 


00 






A. N. Tenney 












840 


00 






II . A. Peirce 












210 


00 






M. A. Allen 












840 


00 






M. L. McMann 












840 


00 






A. M. Hawes 












840 


00 






E. L. Johnson 












840 


00 






M. A. Swan . 












210 


00 






E. W. Cushman 












840 


00 












7,350 


00 


General Expenses. 






Printing and binding . 


$772 


32 






Travelling fares and expenses 






385 


85 






Postage .... 






483 


36 






Blank statements, etc. . 






223 


72 






Certificate and license books 






180 


00 






Blank and letter books . 






166 


50 






Paper and envelopes 






177 


08 






Expressage, telegrams, etc. . 




98 


<;i 






Amounts carri 


ed fo? 


•ward 






• 


$2,437 


44 


$16,977 


12 



lxx REPORT OF INSURANCE COMMISSIONER. 



Expenditures — Concluded. 



Amounts brought forward 


12,437 44 


$16,977 42 


Mounting cards ...... 


70 


14 




Insurance publications, newspapers, etc. 


77 


25 




Document wrappers ..... 


58 


24 




Horace Smith, services as appraiser 


50 


00 




Sundry small stationery .... 


48 


84 




Wrapping paper, twine, etc. .... 


45 


33 




Sundry repairs ...... 


30 


25 




Post-office box ...... 


21 


00 




Miscellaneous ...... 


18 


06 


2,856 55 




• 


• 


Total expenditures for 1879 . 


$19,833 97 


Recapitulation. 








Expended in Life Department 


$11,679 26 




Expended in Fire and Marine Department . 


8,154 


71 






$19,833 


97 




Department fees collected and paid into State 








Treasury . 


34,130 08 




Surplus accrued to Commonwealth 


$14,296 11 





MASSACHUSETTS . MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1879. 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, ABING- 
TON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 

Joseph Vaughn, President. Secretary, Freeman P. Howland. 



Detailed Statement of Stocks, 



United States bonds . , 
Chicago city sewerage bonds . 

a n r iver improvement bonds . 

" " school bonds 
Toledo city water works bond 
St. Albans town bond .... 

" railroad bond 

Union Pacific Railroad bond . 
Eastern Railroad bond .... 
Mansfield and Framingham Railroad bond 
Old Colony Railroad bond 
Northern Pacific Railroad preferred stock 
Middlesex Central Railroad stock . 

14 shares First National Bank, Salem 

15 ' 
,10 < 
10 < 
10 < 

6 < 
10 ' 

5 ' 

6 ' 



Bonds, Etc. 

Par value. 

^5,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

500 00 

1,000 00 

1,000 00 

1,000 00 

3,000 00 

1,400 00 

1,500 00 

1,400 00 

1,500 00 

1,000 00 

1,000 00 

500 00 

600 00 

1,000 00 

500 00 

600 00 



' City National Bank, Boston 
' Globe National Bank, Boston . 
' State National Bank, Boston . 
' Old Boston National Bank, Boston 
' Metropolitan National Bank, Boston, 
' Nat'l Hide and Leather B'k, Boston, 
' National Webster Bank, Boston 
' Nat'l Bank of the Republic, Boston, 

Joint note of trustees Masonic institutions 

" " Union Calvinistic Soc'y, 

Personal loans ...... 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $500 00 

Loans on mortgage of real estate (first liens), 4,825 00 

Stocks, bonds, etc., as per schedule . . 29,592 67 

Cash in the office of- the company . . . 217 81 



Market value. 

$5,200 00 

1,125 00 

1,125 00 

1,125 00 

1,152 50 

1,020 00 

450 00 

1,080 00 

820 00 

1,000 00 

3,345 00 

805 00 

1,500 00 

1,554 00 

1,758 75 

1,035 00 

1,167 50 

652 50 

600 00 

1,112 50 

525 00 

732 00 

100 00 

140 00 

467 92 

$29,592 67 



1879.] 



INSURANCE COMPANIES. 



Cash deposited in the Abington National B'k, $1,481 35 

Premiums in course of collection (net) . . 412 05 

Interest due and accrued . . . . 354 64 

Re-insurance dividend due . . . . 3 70 
Office furniture, etc. . . . $300 00 

Gross Assets 

Liabilities. 

Claimed and reported losses not adjusted . $680 00 

Unearned premiums on outstanding risks . 16,810 53 
Dividends of profits unpaid on terminated 

policies • 425 41 

State and local taxes due or accrued . . 20 12 

Rents, salaries, and incidental expenses . . 148 50 

Gross Liabilities . . . . . 



$37,387 22 



55,212 47 



Surplus . . . . 

Income. 

Gross cash premiums received during the year, $11,864 86 
Deduct return premiums and re-insurance . 644 81 

Net cash premiums received .... 

Received for interest on mortgages . . .'..'. 

for interest from all other sources .... 

for rents ...... 

Deposit notes received during the year . . $ 

Gross Cash Income ..... 

Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures 

Miscellaneous. 



18,084 56 
$19,302 66 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 
Risks terminated during 1879 
Risks re-insured during 1879 

Total deductions 



$1,984,633 00 
714,989 00 

1 

$684,509 00 
1,650 00 



Net amount in force Dec. 31, 1879 $2,013, 163 00 

Deposit notes received on outstanding risks .... 90,137 s 7 

Losses incurred during the year . . .... 7,69] • >< 

Percentage of profits or surplus returned during 1879, 15, 25, ;nul lo per 

cent. 
Average rate to date, 25 per cent. 



$11,220 05 

300 99 

1,542 15 

91 00 

$13,154 19 

$7,367 13 

1,663 59 

999 05 

119 64 

2,710 95 

463 78 

$13,324 14 



,699,622 00 
686,159 00 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 



[Incorporated March 11, 1847. 
C. A. Fernald, President. 



Commenced business Dec. 28, 1847.] 

Secretary, James S. Jewett. 



[Note. — This company charges a cash premium adequate for expenses 
only, and relies upon assessments on deposit notes to pay losses.] 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens), 

United States bonds . . . 

Loans on personal security .... 

Cash in the office of the company . 

deposited in the Cape Ann Savings Bank, 
deposited in the Salem Savings Bank 

Premiums in course of collection (net) . 

Interest due and accrued . 

Office safe $85 00 

Gross Assets ...... 

Income. 

Received for interest on mortgages 

for interest from all other sources 
from assessments on deposit notes 
from policy fees . . 

Deposit notes received during the year . 



Gross Cash Income 



1, 1879. 




$2,400 00 




512 50 




1,450 00 




40 87 




736 79 




1,124 49 




14 73 




176 14 






$6,455 52 






$168 00 


. 


267 57 


. 


.289 20 


• • . 


84 00 


$4,757 00 





Expenditures. 

Paid for salaries and fees of officers and employes 
for state and local taxes . . . 
for surplus on assessments . 
for office, agency, and incidental expenses 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 
Net amount in force Dec. 31, 1879 
Deposit notes received on outstanding risks 



$338,620 00 
68,467 00 



$808 77 



$275 00 


2 


61 


103 


01 


11 


79 



41 



$407,087 00 

68,225 00 

338,862 00 

24,167 00 



1879.] 



INSURANCE COMPANIES. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 

Waldo Higginson, President. Secretary, Edward H. S Prague. 

Office, No. 131 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Massachusetts state bonds 

Maine state bonds . 

Cambridge city bonds 

Boston city bonds . 

Providence city bonds 

Old Colony Railroad bonds 

Boston and Maine Railroad bonds 

Boston and Lowell Railroad bonds 

Boston and Albany Railroad bonds 

Fitchburg Railroad bonds 

Chicago, Burlington, and Quincy R.R. bonds, 

Corporation notes indorsed . 



Par value. 

$25,000 00 
20,000 00 
12,000 00 
10,000 00 
20,000 00 
10,000 00 
15,000 00 
11,000 00 
11,000 00 
10,000 00 
10,000 0.0 
10,000 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 

Cash in the office of the company . 

Cash deposited in the New England Trust Co 

Interest due and accrued 

Gross Assets . . • 

Liabilities. 

Unearned premiums on outstanding risks 
State and local taxes due or accrued 

Gross Liabilities .... 

Surplus . . ... 



$213,226 39 

63 00 

7,653 79 

3,172 50 



,$99,941 30 
408 30 



Market value. 

$25,750 00 

21,900 00 

13,560 00 

10,500 00 

22,450 00 

10,700 00 

17,400 00 

13,090 00 

12,650 00 

12,100 00 

11,900 00 

11,700 00 

29,526 39 

$213,226 39 



$224,115 68 



100,349 00 



.23,700 08 



Income. 

Gross cash premiums received during the year, $205,941 73 

Deduct return premiums and re-insurance . 6,554 82 

Net cash premiums received .... 

Received for interest from all sources . . . 
Deposit notes received during the year . 



$1,029,708 65 



$199,386 91 
9,090 51 



Gross Cash Income 



1208,477 42 



6 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for rents ....*.. 
for incidental expenses .... 

Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $20,440,926 00 
Risks written during 1879 . . . 22,913,264 00 



$17,509 09 

11,674 00 

1,920 18 

142,753 63 
1,166 67 
2,815 23 



$177,838 80 



Total 
Risks terminated during 1879 



-$43,354,190 00 
21,121,081 00 



Net amount in force Dec. 31, 1879 ..... $22,233,109 00 

Deposit notes received on outstanding risks .... 999,413 00 

Losses incurred during the year . . .... 10,125 84 

Percentage of profits or surplus returned during 1879, 78| per cent. 
Average rate to date, 65 T 5 g 3 ¥ per cent. 



ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD. 

[Incorporated. June 4, 1873, Commenced business July 19, 1873.] 

Henry S. Ranney, President. Secretary, Asa G. Wait. 

[Note. — Insures property in the town of Ashfield only.] 

Summary of Assets Dec. 31, 1879. 



Cash in the office of the company . 
Unpaid assessments on deposit notes 

Gross Assets ..... 

Liabilities. 

Adjusted losses and claims due and unpaid 
Gross Liabilities ... 

Income. 

Cash premiums received during the year 
Received from assessments on deposit notes 
Deposit notes received during the year . 



Gross Cash Income 



$175 00 
1,244 27 



,113 57 



$138 40 



Expenditures. 
Paid for losses during the year .... 
for salaries and fees of officers and employes . 
for state and local taxes . . . . . 



$1,419 27 



$1,113 57 



$21 93 
1,154 33 



,176 26 



$1,355 10 

76 48 
38 



Gross Cash Expenditures 



$1,431 96 



1879.] 



INSURANCE COMPANIES. 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 

Net amount in force Dec. 31, 1879 
Deposit notes received on outstanding risks 
Assessments laid on deposit notes . 



$102,090 00 
4,462 00 



1106,552 00 
71,064 00 

$35,488 00 
2,367 00 
2,450 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated 1844. Commenced business July, 1845.] 

Joseph W. Capron, President. Secretary, Elijah R. Read. 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens) 
School district notes . . 
Cash deposited in the First National Bank 
Cash deposited in the savings banks 
Premiums in course of collection (net) . 
Interest due and accrued . 

Gross Assets ...... 

Liabilities. 

Losses and claims adjusted, but not due . 

Claimed and reported losses not adjusted 

Unearned premiums on outstanding risks 

Gross Liabilities .... 



. 31, 


1879. 

1600 00 
5,167 00 
1,086 89 
6,050 13 
54 15 
253 35 


$13,211 52 



Surplus 



$500 00 

500 00 

4,664 29 



5,664 29 
$7,547 23 



Income. 

Gross cash premiums received during the year 
Deduct return premiums and re-insurance 
Net cash premiums received . . . 
Received from policy fees 
Deposit notes received during the year . 



Gross Cash Income 



,400 76 
92 99 



55,192 44 



Expenditures. 

Paid for losses during the year . . . 

for salaries and fees of officers and employes . 
for state and local taxes ..... 



$1,307 77 
380 00 



$1,087 77 



$542 50 

424 14 

13 63 



Gross Cash Expenditures 



$980 27 



8 



MASSACHUSETTS MUTUAL FltfE [Dec. 31, 



Miscellaneous . 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 
Net amount in force Dec. 31, 1879 
Deposit notes received on outstanding risks 
Losses incurred during the year 



$1,045,759 00 
189,875 00 



-$1,235,634 00 

. 131,585 00 

. 1,104,049 00 

37,314 00 

1,550 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COM- 
PANY, YARMOUTH. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 

David K. Akin, President. Secretary, George Otis. 



Detailed Statement of Stocks, 



United States bonds 

Maine state bonds . 

Fall River city bonds . . 

Sheboygan city bonds .... 

Iowa Falls and Sioux city bonds 

Union Pacific first mortgage bonds 

Union Pacific land grant bonds 

Union Pacific sinking fund bonds . 

Chicago and Eastern Illinois Railroad bonds 

Old Colony Railroad bonds 

40 shares First National Bank, Yarmouth 

20 

25 

15 

4 

8 

5 
10 
63 
Personal loans 



State National Bank, Boston . 
Tremont National Bank, Boston 
National Bank Redemption, Boston 
Massachusetts Nat'l Bank, Boston 
Shawmut National Bank, Boston 
National Bank Republic, Boston 
Falmouth National Bank, Falmouth 
Old Colony Railroad 



Securities held as collateral for cash loans : — 



3 shares Mashpee Manufacturing Company 



Bonds, Etc. 

Par value. 

$8,000 00 

2,500 00 

1,000 00 

750 00 

2,000 00 

9,000 00 

5,000 00 

1,000 00 

1,750 00 

5,000 00 

4,000 00 

2,000 00 

2,500 00 

1,500 00 

1,000 00 
800 00 

500 00 
1,000 00 

6,300 00 



Market value. 

$8,490 00 

2,837 50 

1,080 00 

600 00 

2,100 00 

9,720 00 

5,625 00 

1,147 50 

1,585 00 

5,400 00 

4,920 00 

-2,340 00 

2,975 00 

2,025 00 

1,150 00 

896 00 

610 00 

1,250 00 

. 6,741 00 

4,488 20 

$65,980 20 



Market value. Loaned thereon. 

$495 00 $450 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens), $125 00 

Stocks, bonds, etc., as per schedule . . 65,980 20 



1879.] 



INSURANCE COMPANIES. 



9 



Loans on collateral security, as per schedule 
Cash deposited in various banks 
Interest due and accrued . . . 

Office furniture .... $250 C 
Gross Assets . . . . . 

Liabilities. 
Losses and claims adjusted, but not due 
Claimed and reported losses not adjusted 
Unearned premiums on outstanding risks 
State and local taxes due or accrued 

Gross Liabilities .... 



Surplus $31,160 34 



$450 00 


3,292 


83 


740 




14 


$200 00 


1,900 


00 


37,297 


83 


30 


00 







570,588 17 



39,427 83 



Income. 

Cash premiums received during the year 
Received for interest on mortgages 
Received for interest from all other sources 
Deposit notes received during the year . 

Gross Cash Income .... 



. $14,867 29 
... 8 76 

3,184 09 
$27,940 26 



Expenditures. 

Paid for losses during the year 

lor salaries and fees of officers and employes 

for state and local taxes . . 

for profits or surplus on terminated policies 

for rents . ... 

for incidental expenses .... 

for loss on stocks sold .... 

Gross Cash Expenditures 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . $5,274,814 00 



. $18,060 14 



^12,551 23 

1,604 50 

132 34 

10,545 70 

100 00 

332 18 

1,838 50 



$27,104 45 



Risks written during 1879 

Total 
Risks terminated during 1879 



854,515 00 



-$6,129,329 00 

. 938,903 00 



Net amount in force Dec. 31, 1879 . ' . ... $5,190,42600 

Deposit notes received on outstanding risks .... 149,191 30 

Losses incurred during the year . . .... 11,488 23 

Percentage of profits or surplus returned during 1879, 80 per cent. 
Average rate to date, 80-J- per cent. 
2 



10 MASSACHUSETTS MUTUAL FIRE [Dec. 31 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, PITTS- 
FIELD. 

([Incorporated March, 1835. Commenced business August, 1835.J 

Jabez L. Peck, President. Secretary, John M. Stevenson. 

Detailed Statement of Stocks, Boni>s, Etc. 

United States bonds, 1881 

Western Union Telegraph Company bonds 

Boston and Albany Railroad bonds 

29 shares Pittsfield National Bank . 

15 " Adams National Bank 

50 t4 Adams Express Company 

75 " New York Central and H. R. R.R. 



Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule 
Loans on personal security .... 
Cash in the office of the company . 
Cash deposited in the Pittsfield Nat'l Bank . 
Premiums in course of collection (net) . 
Interest due and accrued .... 

Gross Assets ...... 

Liabilities. 

Adjusted losses and claims due and unpaid 
Losses and claims adjusted, but not due . 
Claimed and reported losses not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies . . . . . 

State and local taxes due or accrued 
Salaries . . . . . . ' . 

Gross Liabilities" ..... 

Surplus ....... . $24,66'6 OS 

Income. 

Gross cash premiums received during the year, $12,754 80 
Deduct return premiums and re-insurance . 562' 52 

Net cash premiums received . . . . $12,192 28 

Received for interest from all sources ..... 2,408 21 
Deposit notes received during the year . . $36, 669 30 

Gross Cash Income ........ $14,600 49 



Par value. 


Market value 


$3,000 00 


&3,210 00 


4,000 00 


4,560 00 


6,000 00 


7,320 00 


2,900 00 


4,000 00 


1,500 00 


1,875 00 


5,000 00 


5,262 50 


7,500 00 


9,675 00 


129,900 00 


$35,902 50 


I, 1879. 




$35,962 50 




20,500 00 




449 54 




1,152 63 




960 04 




1,342 66 






$60,367 37 


$576 75 




2,400 00 




200 00 




192 25 




31,961 23 




50 00 




19 95 




S01 11 






' 35,701 29 





1819.-] 



INSURANCE COMPANIES. 



11 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses . 

Gross Cash Expenditures 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 • . 

Total 

Risks terminated during 1879 . 



$5,607,362 44 
. 1,038,271 00 



$7,330 60 

1,826 11 

1,600 18 

85 22 

127 07 

3,325 40 

300 00 

901 03 

L5,495 61 



3,645,633 44 
. 1,491,290 44 



Net amount in force Dec. 31, 1879 $5,154,343 00 

Deposit notes received on outstanding risks .... 153,645 55 

Losses incurred during the year . . .... 8,236 88 

Percentage of profits or surplus returned during 1879, 25 per cent. 
Average rate to date, 50 per cent. 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 

COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 14, 1850.] 

Edward Atkinson, President. Secretary, William B. Whiting. 

Office, No. 131 Devonshire Street. 

Summary of Assets Dec. 31, 1879. 



United States bonds 
Cash in the office of the company 
Cash deposited in various banks 
Interest accrued 
Office furniture . . 
Gross Assets 



. $372,400 00 

6,358 99 

37,689 66 

966 67 

,500 00 



Liabilities. 

Unearned premiums on outstanding risks 
State and local taxes due or accrued 

Gross Liabilities .... 



. $185,124 30 
774 91 



$417,415 32 



185,899 21 



Surplus $231,516 11 



12 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Gross cash premiums received during the year, $371,358 21 
Deduct return premiums and re-insurance . 8,116 78 

.Net cash premiums received .... $363,241 43 

Received for interest from all sources . . . . 36,929 75 

Deposit notes received during the year . $1, 856, 791 05 

Gross Cash Income . . . $400,171 18 

Expenditures. 

Paid for losses during the year . . .... $33,023 57 

for salaries and fees of officers and employes . . . 21,212 15 

for state and local taxes ...... 5,506 67 

for profits or surplus on terminated policies . . . 282,833 63 

for rents . . . . . . . ... 1,800 00 

for incidental expenses ....... 11,255 15 

Gross Cash Expenditures . . .... $355,631 17 

Miscellaneous. 

Risks outstanding Dec. 31, 1878. . . $40,566,339 00 

44,560,511 00 



Risks written during 1879 

Total ...... 

Risks terminated during 1879 

Net amount in force Dec. 31, 1879 . 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1879, Sl^ 9 ^ per cent. 

Average rate to date, 66^^ per cent. 



$85,126,850 00 
.41,470,560 00 
. 43,656,290 00 
. 1,851,243 00 
13,803 92 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

» 

[Incorporated Feb. 29, 1829. Commenced business July 4, 1829.] 

William H. Taylor, President. Secretary, George N. Alden. 

[Note. — Policies are all issued for seven years. The premium is 
secured by notes assessable as required, and five per cent on the notes 
is received in cash when the policy is issued.] 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . . . $175 26 

Cash deposited in the Mechanics' Nat'l Bank, 383 86 

Premiums in course of collection (net) . 
Net amount of unpaid assessments . 

Gross Assets ...... $1,197 27 



338 15 
300 00 



Liabilities. 

Claimed and reported losses not adjusted 
State and local taxes due or accrued 

Gross Liabilities .... 



$25 59 
7 28 



32 87 



1879.] 



INSURANCE COMPANIES. 



13 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 
Received for interest from all sources 
Received from assessments on deposit notes 
Deposit notes received during the year . 

Gross Cash Income . . . 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes .... 

for borrowed money . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $5,139,925 00 
Risks written during 1879 . . . . 521,350 00 



$3,322 35 




100 03 






$3,222 32 




. 


98 89 


. 


12,348 02 


$66,323 00 




. 


$15,669 23 




$4,815 32 




130 86 


3 . 


1,975 00 




207 54 




157 51 




8,500 00 




309 01 




$16,095 24 



. Total 

Risks terminated during 1879 . 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 
Assessments laid on deposit notes . 



-$5,661,275 00 

. 836,125 00 

$4,825*150 00 

. 618,392 00 

4,640 91 

13,174 38 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, CAM- 
BRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 

Josiah W. Cook, President. Secretary, Alfred L. Barbour. 

Office, No 555 Main Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value. 

$500 00 $750 00 

100 00 145 00 

1,500 00 2,250 00 

10,900 00 12,208 00 

5,000 00 5,150 00 

10,000 00 10,900 00 

2,000 00 2,040 00 

6,000 00 6,720 00 



5 shares Cambridgeport National Bank 
1 share Framingham National Bank 

15 shares National City Bank 

Cambridge city bonds 

Batli city bonds 

Portland city bonds 

Belfast city bonds . 

Cincinnati city bonds 



14 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Bangor city bonds . 
Marion county (111.) bonds 
Eastern Railroad bonds . 
Personal loans 



^3,000 00 
1,000 00 
1,500 00 



$3,345 00 
1,050 00 
1,216 00 
3,350 00 

,124 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Interest due and accrued 



Office furniture 
Gross Assets 



!,000 00 



$5,500 00 
38,083 00 
49,124 00 
1,099 33 
8,804 34 
1,451 87 
2,416 19 



$106,478 73 



Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

Gross Liabilities .... 



Surplus 



$88 80 
37,882 00 

160 72 



38,131 52 
$68,347 21 



Income. 

Gross cash premiums received during the year, $20,347 45 
Deduct return premiums and re-insurance . 849 85 

Net cash premiums received ... 
Received for interest on mortgages . 

for interest from all other sources 

for rents ... 
Deposit notes received during the year . . $40,581 50 



Gross Cash Income 



Expenditures. 



Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes, 

for state and local taxes .... 

for profits or surplus on terminated policies 
for rents . ...... 

for incidental expenses .... 

Gross Cash Expenditures .... 



$19,497 60 

2,159 23 

2,648 50 

213 48 



$24,518 81 



$5,643 95 

1,495 23 

3,636 00 

231 39 

9,128 70 

550 00 

1,444 51 

£22,129 78 



1879.] INSURANCE COMPANIES. 15 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . $5,081,756 00 
Risks written during 1879 .... 1,551,089 00 

Total 16,632,845 00 

Risks terminated during 1879 1,516,664 00 



Net amount in force Dec. 31, 1879 . .... 15,116,18100 

Deposit notes received on outstanding risks .... 121,667 53 

Losses incurred during the year . . .... 5,732 75 

Percentage of profits or surplus returned during 1879, 40 and 50 per cent. 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 7, 1846. Commenced business Oct. 5, 1846.] 

Henry C. Bigelow, President. Secretary, Joseph W. Peabody. 

Office, No. 8 Exchange Place. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 1881, registered . . $53,000 00 $55,252 50 

6 shares Boston and Lowell Railroad . ' . 3,000 00 2,550 00 

30 " Hide and Leather National Bank . 3,000 00 3,337 50 

Personal loans ...... - 3,328 64 



$64,468 64 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . $52,400 00 

Loans on mortgage of real estate (first liens) . 94,189 00 

Stocks, bonds, etc., as per schedule . . 64,468 64 

Cash in the office of the company . . . 560 79 

Cash deposited in the Maverick National Bank, 6,425 20 

Premiums in course of collection (net) . . 3,180 07 

Interest due and accrued .... 5,166 93 

Gross Assets $226,390 63 

Liabilities. 

Unearned premiums on outstanding risks . $146,954 49 

Rents 320 83 

Gross Liabilities 147,275 32 



Surplus $79,115 31 

Income. 

Gross cash premiums received during the year, $58,416 28 
Deduct return premiums and re-insurance . 3,343 26 

Net cash premiums received .... $55,073 02 

Received for interest on mortgages . . .... 4,508 93 

• for interest from all other sources .... 3,800 90 

for rents 1,311 48 

Deposit notes received during the year . . $115,309 72 



Gross Cash Income 



$04,730 33 



16 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Paid for losses during the year . . . 
for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ...... 

for incidental expenses and repairs 



Gross Cash Expenditures 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 



$21,034,705 00 
4,294,775 00 



$24,576 84 
8,271 19 
6,034 48 
1,673 90 
31,387 38 
3,675 01 
2,629 08 

3,247 88 



-$25,329,480 00 
. 4,905,657 00 



Net amount in force Dec. 31, 1879 .... $20,423,82300 

Deposit notes received on outstanding risks . . . 417,336 13 

Losses incurred during the year . . .... 19,575 84 

Percentage of profits or surplus returned during 1879, 40, 50, and 70 per 
cent. 



COHASSET MUTUAL FIRE INSURANCE COMPANY, 

COHASSET. 

[Incorporated March, 1845. Commenced business March 1, 1846.] 

Martin Lincoln, President, Secretary, J. Q. A. Lothrop. 

Detailed Statement of Stocks, Bonds, Etc. 



9 shares National City Bank . 

3 " Merchants' National Bank 

Coh asset town note . 



Par value. Market value. 

$900 00 11,035 00 

300 00 420 00 

500 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Interest due and accrued 
Office furniture .... $.130 00 
Gross Assets 



$1,955 00 

6 10 

1,820 74 

28 84 

27 50 



,955 00 



,838 18 



Liabilities. 

Unearned premiums on outstanding risks . $3,156 04 
Gross Liabilities 



3,156 04 



Surplus 



$682 14 



1879.] 



INSURANCE COMPANIES. 



17 



Income. 

Gross cash premiums received daring the year 

Deduct return premiums and re-insurance 

Net cash premiums received . 

Received for interest from all sources 

Received from policy fees 

Deposit notes received during the year 



Gross Cash Income 



Expenditures. 



Paid for brokerage and commissions 

for salaries and fees of officers and employe's 
for state and local taxes . 
for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses . . 

Gross Cash Expenditures .... 



Miscellaneous. 



$766 55 




7 49 






$759 06 
151 18 




. 


65 00 


^3,010 20 





Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total ... 
Risks terminated during 1879 
Risks re-insured during 1879 

Total deductions 



$376,647 00 
49,255 00 

$45,650 00 
7,850 00 



$975 24 



$54 00 


281 46 


7 04 


219 35 


40 00 


50 68 



552 53 



$425,902 00 



53,500 00 



Net amount in force Dec. 31, 1879 $372,402 00 

Deposit notes received on outstanding risks .... 25,572 80 
Percentage of profits or surplus returned during 1879, 10, 20, and 30 per 

cent. 
Average rate to date, 50 per cent. 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL IN- 
SURANCE COMPANY OF NEW ENGLAND, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 

William C. Pluxkett, President. Secretary, B. F. Taft. 

Office, No. 131 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$7,200 00 $7,416 00 
2,000 00 2,010 00 



United States registered bonds 
Boston city bonds . 



$9,200 00 $9,420 00 



18 



MASSACHUSETTS MUTUAJ, FIRE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule . . . $9,426 00 

Cash in the office of the company . . . 821 14 

deposited in the Eliot National Bank . 1,205 81 

deposited in the Maverick National B'k . 1,461 89 

Premiums in course of collection (net) . . 2,431 66 

Gross Assets . . . . ' . . $15,346 50 



Liabilities. 

Unearned premiums on outstanding risks . $10,150 81 

State and local taxes due or accrued . . 58 38 

Gross Liabilities ..... 



10,209 19 



Surplus . . . . . . ... . $5,137 31 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 

for rents .... 

from all other sources 

Gross Cash Income . 



$20,301 62 
819 46 



$19,482 16 
400 38 
200 00 
166 20 



20,248 74 



Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ...... 

for incidental expenses .... 



Gross Cash Expenditures 



Miscellaneous. 



$11,474 56 
2,839 58 

175 92 
3,676 76 

800 00 
1,383 49 

$20,350 31 



^1,508,126 00 
1,846,113 00 



Risks outstanding Dec. 31, 1878 

Risks written during 1879 . . . 

Total -$3,354,239 00 

Risks terminated during 1879.. . . .... 1,348,003 00 

Net amount in force Dec. 31, 1879 $2,006,236 00 

Deposit notes received on outstanding risks .... 104,179 21 
Percentage of profits or surplus returned during 1879, 25 per cent. 



1879.] INSURANCE COMPANIES. 19 

DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDEIAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 

George B. Faunce, President. Secretary, Preston R. Mansfield. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . N . . .$6,000 00 $6,420 00 

Chicago city bonds . . . . \ . 2,000 00 2,260 00 

Cincinnati city bonds . 6,000 00 6,900 00 

New England Mortgage Security bonds . . 6,000 00 6,480 00 

Philadelphia and Reading Railroad bonds . 5,000 00 5,250 00 

Marquette and Ontonagon Railroad 1st raort. 8,000 00 8,880 00 

12 shares Dedham National Bank . . . 1,200 00 1,344 00 

Old Colony Railroad bonds .... 2,000 00 2,200 00 

$36,200 00 $39,734 00 

Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens), $16,300 00 

Stocks, bonds, etc., as per schedule . . 39,734 00 

Cash in the office of the company ... . 856 10 

Cash deposited in banks ..... 6,419 64 

Premiums in course of collection (net) . . 1,001 96 

Interest due and accrued .... 1,001 60 

Gross Assets ...... $65,313 30 

Liabilities. 

Unearned premiums on outstanding risks . $11,304 94 

Return premiums on cancelled policies . . 72 38 
Dividends of profits unpaid on terminated 

policies ........ 1,641 07 

Salaries ........ 250 00 

Gross Liabilities . . . . . 13,268 39 



Surplus $52,044 91 

Income. 

Cash premiums received during the year .... $7,318 10 

Received for interest on mortgages ..... 893 25 

Received for interest from all other sources . . . . 2,716 50 
Deposit notes received during the year . . $15,216 74 

Gross Cash Income ........ $10,927 85 

Expenditures. 

Paid for losses during the year $1,180 03 

for brokerage and commissions 1,086 01 

for salaries and fees of officers and employes . . 1,428 94 

for state and local taxes 1 1 1 42 



20 



MASSACHUSETTS MUTUAL FIRE [Dee. 31, 



Paid for profits or surplus on terminated policies . 
for rents . . . . . . 

for incidental expenses ..... 

Gross Cash Expenditures . . ... 

Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Risks terminated during 1879 

Net amount in force Dec. 31, 1879 . ' 
Deposit notes received on outstanding risks 
Losses incurred during the year 



$1,243,471 37 
. 497,646 00 



$2,647 84 
100 00 
152 28 

$6,746 12 



-$1,741,117 37 
. 416,926 63 

$1,324,190 74 

44,949 10 

1,186 63 



DORCHESTER MUTUAL FIR.E INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb, 1855. Commenced business July 2, 1856.] 

Edmund J. Baker, President. Secretary, William F. Temple. 

Office at Neponset. 



Detailed Statement of Stocks, 



United States bonds 
Old Colony Railroad bonds 
Boston and Lowell Railroad bonds . 
Boston city bonds .... 

50 shares Blue Hill National Bank 

20 

20 

12 

10 

30 
213 
140 
Foxbor 



Howard National Bank . 
Continental National Bank 
Hide and Leather National Bank 
New England National Bank . 
Columbian National Bank 
Boston and Albany Railroad . 
Old Colony Railroad 
ough town loan .... 



Bonds, Etc. 

Par value. 

$25,000 00 
6,000 00 
5,000 00 
5,000 00 
5,000 00 
2,000 00 
2,000 00 
1,200 00 
1,000 00 
3,000 00 
21,300 00 
14,000 00 



Summary of Assets Dec. 
Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc, as per schedule 
Cash deposited in the Eliot National Bank 
Cash deposited in the New England Trust Co 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets ..... 



31, 1879. 

121,000 00 
25,000 00 

111,474 50 
1,821 84 
6,037 35 
6,347 00 
3,141 75 



Market value. 

$26,600 00 

6,600 00 

5,450 00 

5,000 00 

5,000 00 

2,280 00 

2,160 00 

1,368 00 

1,450 00 

4,380 00 

29,926 50 

15,260 00 

6,000 00 

$111,474 50 



.74,822 44 



1879.] 



INSURANCE COMPANIES. 



21 



Liabilities. 

Losses and claims adjusted, but not due . . $2,662 50 

Claimed and reported losses not adjusted . 3,615 94 

Unearned premiums on outstanding risks . 87,169 98 

Gross Liabilities . . . . . 



$93,448 42 



Surplus . $81,374 02 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 
Received for interest on mortgages . 

for interest from all other sources 

for rents . . . 



$41,617 04 
1,095 90 



$40,521 14 

1,367 27 

4,242 24 

764 27 



Deposit notes received during the year 



$83,234 08 



Gross Cash Income $46,894 92 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes 

for profits or surplus on terminated policies 

for rents ....... 

for incidental expenses . 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $10,854,126 00 
Risks written during 1879 . . . 2,757,484 00 



$19,534 04 

6,527 15 

5,152 93 

692 89 

15,495 06 

"350 00 

789 66 

$48,541 73 



Total . 
Risks terminated during 1879 . 



-$13,611,610 00 
3,271,676 00 



Net amount in force Dec. 31, 1879 $10,339,934 00 

Deposit notes received on outstanding risks .... 266,445 80 

Losses incurred during the year 24,066 40 

Percentage of profits or surplus returned during 1879, 15, 25, and 40 per 

cent. 
Average rate to date, 34 per cent. 



22 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated June 11, 1829. Commenced business Sept. 5, 1829.] 

Stephen B. Ives, President. Secretary, Charles S. Nichols. 

Office, No. 97 Washington Street. 



Bonds, Etc. 

Par value. 

|500 00 



Detailed Statement of Stocks, 



United States 5-20 registered bonds, 1881 

Oregon war loan 

Springfield city bonds, 7s 

Cleveland city bonds, 7s 

Cleveland city bonds, 6s 

Toledo city bonds, 8s 

Toledo city bonds, 7s 

Chicago city bonds, 7s 

Chicago city bonds, 6s 

Cincinnati city bonds, 7 t 3 qS 

Cincinnati city bonds, 6s 

Newburyport city bonds, 6s 

Portland city bonds, 6s . 

Hartford city bonds, 6s . 

Brooklyn city bonds, 6s . 

St. Louis county bonds, 6s 

Louisville city bonds, 6s . 

Fall River city bonds, 6s 

St. Louis city bonds, 6s . 

Concord city bonds, 6s . 

Medford town bonds, 6s . 

14 shares Salem National Bank 
11 t; Asiatic National Bank 

15 " Cambridge Horse Railroad 
Old Colony Railroad bonds, 7s 

u, a u 6s 

Central Pacific Railroad bonds, 7s 
Michigan Central Railroad bonds, 8s 
Essex Railroad bonds, 6s 
Eastern Railroad bonds . 
20 shares Salem Gas-Light Company 

16 " Lynn Gas- Light Company 



Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule • . . $36,017 50 

Cash in the office of the company . . . 759 41 

Premiums in course of collection (net) . 78 50 

Interest due and accrued .... 643 75 

Gross Assets 



1 


000 00 


1 


,000 00 


1 


,000 00 


1 


000 00 


1 


,000 00 


1 


,000 00 


1 


000 00 


1, 


000 00 


1 


000 00 


1 


,000 00 


1 


000 00 


1 


000 00 


1 


000 00 


1 


000 00 


1 


,000 00 


1 


000 00 


1 


000 00 


1 


,000 00 


1 


000 00 


1 


,000 00 


1 


,400 00 




330 00 


1 


,500 00 


1 


,000 00 


1 


000 00 


1 


000 00 


1 


000 00 


1 


500 00 


2 


,000 00 


o 


,000 00 


1 


600 00 


$34 


830 00 



Market value. 

$520 00 



1,030 


00 


1,200 


00 


1,120 


00 


1,080 00 


1,100 


00 


1,060 


00 


1,100 


00 


1,000 


00 


1,120 


00 


1,030 


00 


1,100 


00 


1,030 


00 


• 1,000 


00 


1,050 


00 


1,060 


00 


950 


00 


1,100 


00 


1,060 


00 


1,050 


00 


1,050 


00 


1,540 


00 


412 


50 


1,750 


00 


1,170 


00 


1,080 


00 


1,030 


00 


1,100 


00 


1,395 


00 


1,640 


00 


2,000 


00 


1,120 


00 


$36,047 


50 



$37,529 16 



1879.] 



INSURANCE COMPANIES. 



23 



Liabilities. 

Unearned premiums on outstanding risks . $9, 192 38 
Dividends of profits unpaid on terminated 

policies 121 42 

State and local taxes due or accrued . 5 67 

Salaries and incidental expenses . . . 240 67 

Gross Liabilities . . 



Surplus 



19,560 14 
$27,969 02 



Income. 

Gross cash premiums received during the year, $3,063 13 
Deduct return premiums and re-insurance . 109 10 

Net cash premiums received .... $2,954 03 

Received for interest from all sources 2,124 34 

Deposit notes received during the year . . $9,081 78 

Gross Cash Income $5,078 37 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures 



11,481 


16 


12 


04 


883 


00 


30 


61 


2,021 


95 


53 


14 



$4,481 90 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 



Net amount in force Dec. 31, 1879 $S61,700 00 

Deposit notes received on outstanding risks .... 55,154 31 

Losses incurred during the year . . .... 1,481 16 

Percentage of profits or surplus returned during 1879, 50 per cent. 
Average rate to date, 55 per cent. 



$904,600 00 
159,300 00 



-$1,063,900 00 
. 202,200 00 



24 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



FALL RIVER MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 17, 1870. Commenced business May 1, 1870.] 

Stephen Da vol, President. Secretary, Isaac B. Chace. 

Office, Section " C," Granite Block. 



Detailed Statement op Stocks, Bonds, Etc. 



Old Colony Railroad bonds 
Fall River city bonds 
Worcester city bonds 
Lawrence city bonds 
Boston city bonds . 
Taunton city bonds 
United States bonds 



Par value. 


$10 


000 


00 


6 


000 


00 


1 


,000 


00 


5 


000 


00 


5 


000 


00 


10 


000 


00 


30 


000 


00 


|67 


000 00 



Market value. 

'$11,700 00 

6,600 00 

1,100 00 

5,500 00 

5,750 00 

10,700 00 

31,200 00 

172,550 00 



Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule . . $72,550 00 

Cash in the office of the company, . . . 1,090 81 

deposited in B. M. C. Durfee & Co.'s b'k, 22,691 68 

deposited in the Fall River savings b'ks, 5,290 25 

Premiums in course of collection (net) . . 432 53 

Interest accrued . . . • . . 615 80 
Office furniture . . . . $500 00 

Gross Assets . . . . . ________ 



5102,671 07 



Liabilities. 

Unearned premiums on outstanding risks 
State and local taxes due or accrued 
Rents, salaries, office, agency, and incidental 
expenses . . 

Gross Liabilities .... 



Surplus 



$41,748 76 
157 04 

385 78 



42,291 58 



Income. 



Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Deposit notes received during the year . 



Gross Cash Income $87,200 45 



$86,310 35 
3,037 90 


$60,379 49 

$83,272 45 
3,928 00 


$431,551 75 



1879.] 



INSURANCE COMPANIES. 



25 



Expenditures. 
Paid for losses during the year . 

for salaries and fees of officers and employes 
for state and local taxes . 
for profits or surplus on terminated policies 
for rents ....... 

for office, agency, and incidental expenses 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $8,160,312 73 
Risks written during 1879 . 9,089,734 50 

Total .... 
Risks terminated during 1879 



$4,278 47 

4,014 09 

811 91 

63,207 62 

369 57 

1,126 48 



$73,808 14 



$17,250,047 23 
. 8,458,603 04 



Net amount in force Dec. 31, 1879 $8,791,444 19 

Deposit notes received on outstanding risks .... 417,487 60 

Losses incurred during the year . . .... 2,663 37 

Percentage of profits or surplus returned during 1879, 75 per cent. 
Average rate to date, 46^^ per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 
FITCHBURG. (First Class.) 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 

L. H. Bradford, President. Secretary, E. P. Downe. 



Detailed Statement of Stocks, Bonds, Etc. 



Boston city bonds ..... 
Agricultural Branch Railroad bonds 
50 shares Boston, Clinton, and Fitchburg R.R 
8 " Lancaster National Bank . 
United States bonds .... 



Securities held as collateral for cash loans : 

10 shares Safety Fund National Bank . 
Loaned on personal security . 



Tar value. 

$17,000 00 
3,000 00 
5,000 00 
1,000 00 
1,000 00 



Market value. 

$17,510 00 
3,000 00 
5,000 00 
1,000 00 
1,045 00 



27,000 00 $27,555 00 



Market value. Loaned thereon. 



11,000 00 



11,000 00 
10,575 00 



Summary op Assets Dec. 31, 1ST!). 
Cash value of unencumbered real estate . . $21*300 00 
Loans on mortgage of real estate (first liens) . 65,875 00 
Stocks, bonds, etc., as per schedule . . 27,555 00 
Loans on collateral security, as per schedule . 1 1,575 00 



$11,575 00 



26 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Cash in the office of the company . . . $215 26 

deposited in the Fitchburg National B'k, 1,607 78 
deposited in the Worcester North Savings 

Bank 1,000 00 

Premiums in course of collection (net) . . 3,562 67 

Interest due and accrued .... 3,382 20 

Gross Assets 



$136,072 91 



Liabilities. 

Claimed and reported losses not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

State and local taxes due or accrued 
Rents, salaries, and incidental expenses . 
Gross Liabilities 



Surplus $27,729 53 



$1,477 35 

1,500 00 

100,794 00 

1,217 46 
140 08 
214 49 



108,343 38 



Income. 

Cash premiums received during the year . 
Received for interest from all sources 
Deposit notes received during the year . 

Gross Cash Income .... 



. $49,056 18 
7,911 78 



. $48,761 95 



. $56,967 96 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes .... 

for profits or surpl us on terminated policies 

for rents . . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures .... 



$26,897 96 

4,379 50 

2,870 10 

477 62 

27,324 78 

450 00 

1,075 38 

$63,475 34 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 . 



$14,099,833 00 
3,390,232 00 



-$17,490,065 00 
. 3,977,416 00 



Net amount in force Dec. 31, 1879 $13,512,649 00 

Deposit notes received on outstanding risks . . . . 201,587 99 

Losses incurred during the year ...... 22,120 65 

Percentage of profits or surplus returned during 1879, 25 and 50 per cent. 



1879.] 



INSURANCE COMPANIES. 



27 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCH- 
BURG. (Second Class.) 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Agricultural Branch Railroad bonds . . $3,000 00 §3,000 00 
50 shares B.,C, and F., and N. B. R.R.,pref'd, 5,000 00 5,000 00 



$8,000 00 $8,000 00 



Securities held as collateral for cash loans : — 



Fitchburg and Worcester Railroad bonds 
2 shares Putnam Machine Company 
80 " Wakefield Rattan Company 
50 " Simonds Manufacturing Company 
60 " Fitchburg Gas Company . 
Personal notes 



Market value. 

$300 00 
1,600 00 
8,000 00 
5,000 00 
3,600 00 



Summary of Assets Dec 31, 1879. 

Cash value of unencumbered real estate . . $11,795 00 

Loans on mortgage of real estate (first liens) . 38,730 00 

Stocks, bonds, etc., as per schedule . . 8,000 00 

Loans on collateral security, as per schedule . 28,357 00 

Cash deposited in various banks . . . 5,566 87 

Premiums in course of collection (net) . . 456 19 

Interest due and accrued .... 1,681 92 

Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks . $9,332 19 
Dividends of profits unpaid on terminated 

policies 195 15 

State and local taxes due or accrued . . 58 64 

Rents, salaries, and incidental expenses . 64 94 

Gross Liabilities .... 



Surplus 



Income. 

Cash premiums received during the year 
Received for interest from all sources 
Deposit notes received during the year . 

Gross Cash Income . . . . 



.5,468 02 



Loaned thereon. 

$300 00 

1,500 00 

6,400 00 

3,000 00 

6,892 00 

10,265 00 

$28,357 00 



$94,586 98 



9,650 92 
$81,936 06 

$15,472 22 
4,864 09 

$20,330 31 



EXPENDITUKES. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employe's 



$5,862 1 1 
1,17:5 02 
1,869 45 



28 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Paid for state and local taxes . . ... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses . 

Gross Cash Expenditures 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . $1 
Risks written during 1879 .... 

Total ....... 

Risks terminated during 1879 .... 

Net amount in force Dec. 31, 1879 . . . $1,123,173 00 

Deposit notes received on outstanding risks .... 18,664 39 

Losses incurred during the year . . .... 6,662 44 

Percentage of profits or surplus returned during 1879, 20 per cent. 



. . 


. 


$156 51 


. 


. 


3,223 


51 


, . 


. 


150 


00 


• 


• 


235 


19 


• 


$12,470 


12 


,055,131 


00 






972,131 00 








$' 


2,027,262 


00 




'IT' 




• 


• 


904,089 


00 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, GREEN- 
FIELD.* 

[Incorporated Feb. 11, 1828. Commenced business Sept. 12, 1829.] 

William Keith, President. Secretary, Gorham D. Williams. 

Detailed Statemext of Stocks, Bonds, Etc. 



United States bonds .... 
130 shares Greenfield Gas- Light Company 
17 " Shelburne Falls National Bank 
Personal loans 



Par value. Market value. 

$10,500 00 $10,500 00 

6,500 00 5,330 00 

1,700 00 2,040 00 

341 09 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens) . $600 00 

Stocks, bonds, etc., as per schedule . . 18,211 09 

Cash deposited in the First National Bank . 2,667 72 

Premiums in course of collection (net) . . 831 61 
Office furniture and safe . . $500 00 

Gross Assets . . . . . . 

Liabilities. 

Claimed and reported losses . . . . $2,100 00 

Unearned premiums on outstanding risks . 15,400 51 
Dividends of profits unpaid on terminated 

policies ....... 327 43 

State and local taxes due or accrued . . 7 12 

Incidental expenses 150 00 

Gross Liabilities ..... 

Surplus .......... 



$18,211 09 



$22,310 42 



17,985 06 
$4,325 36 



* The " class system" of this company was abandoned in April, 1879. 



1879.] 



INSURANCE COMPANIES. 



29 



Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . ... 
Received for interest on mortgages . 
Received for interest from all other sources 
Deposit notes received during the year . 

Gross Cash Income . 



1,093 96 
724 28 



$15,136 38 



Expenditures. 
Paid for losses during the year ... 
for brokerage and commissions 
for salaries and fees of officers and employes 
for profits or surplus on terminated policies 
for rents . .'..,' 
for incidental expenses .... 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1878* . 
Risks written during 1879 . 

Total 

Risks terminated during 1879 



1,877,162 00 
432,271 00 



54,369 68 

100 00 

1,127 08 

55,596 76 



$4,041 


19 


454 


82 


974 01 


891 


36 


150 


00 


1,210 


96 



$7,722 34 



$4,309,433 00 
. 996,883 00 



Net amount in force Dec. 31, 1879 . . . . . $3,312,55000 

Deposit notes received on outstanding risks .... 75,084 94 

Losses incurred during the year . . ..... 4,916 19 

Percentage of profits or surplus returned during 1879, 5 to 20 per cent. 



GRANBY MUTUAL FIRE INSURANCE COMPANY, GRANBY. 

[Incorporated Aug. 31, 1877. Commenced business Aug. 31, 1877.] 

S. M. Cook, President. Secretary, Charles E. Hunt. 

[Note. — Insures property in the town of Granby only.] 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company ... $1 96 

Cash deposited in the savings banks . . 645 18 

Gross Assets $617 14 



Income. 

Cash premiums received during the year 
Received for interest from all sources 
Deposit notes received during I lie year . 

Gross Cash Income . 

* In ttr«1 class 

In second class 



$1,026 37 



$122 83 
25 93 

.-■1 is 76 



* 1. 1 ::."., If.s no 
2,741,694 mi 



30 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 
Paid for salaries and fees of officers and employes 
for state taxes ..... 

for office, agency, and incidental expenses 

Gross Cash Expenditures . . 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

' Total .... 
Risks terminated during 1879 . 

Net amount in force Dec. 31, 1879 
Deposit notes received on outstanding risks 



$103,405 00 
22,675 00 



•115 00 

1 01 

88 

$16 89 



$126,080 00 
29,475 00 

$96,605 00 
4,320 00 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

Moses Foster, President. Secretary, Nathaniel H. Griffith. 

[Note. — This company charges no cash premium, but relies upon 
assessments upon deposit notes to pay losses and expenses.] 



Summary of Assets Dec. 31, 1879. 
Cash in the office of the company . . . $41 16 

Gross Assets — — — - 



Liabilities. 

Owing for borrowed money, secured by treas- 
urer's note .. . 

Gross Liabilities ..... 

Income. 

Received from assessments on deposit notes 
Received from policy fees 
Borrowed money ..... 
Deposit notes received during the year . 



$925 00 



Gross Cash Income 



$925 00 
17,254 60 



Expenditures. 

Gross amount paid for losses during the year . 
Paid for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes . 

for rents . . . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures . 



$41 16 



)25 00 



$104 63 
253 00 



$357 63 



$767 50 

503 26 

29 18 

1 05 

25 00 

16 19 

1,342 18 



1879.] 



INSURANCE COMPANIES. 



31 



Miscellaneous. 
Bisks outstanding Dec. 31, 1878 
Risks written during 1879 

Total ..... 
Eisks terminated during 1879 . 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



L,336,811 00 

306,092 00 



-$1,642,903 00 
. 301,749 00 

$1,341,154 00 

72,699 59 

67 50 



HAMPSHIRE MUTUAL FIEE INSURANCE COMPANY, 

NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 

George W. Hubbard, President. Secretary, Oliver Walker. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

53 shares Connecticut Eiver Eailroad 

20 " Northampton National Bank 



Par value. 

$21,000 00 
5,300 00 
2,000 00 



Market value. 

$21,811 25 
7,420 00 
2,300 00 



$28,300 00 $31,531 25 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens) . $15,200 00 

Stocks, bonds, etc., as per schedule . . 31,531 25 

Cash in the office of the company . . . 228 79 

Cash deposited in the Northampton Nat'l B'k, 1,500 00 

Interest due and accrued . . . . . 479 12 
Office furniture, etc. . . . $500 00 

Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks . $21,577 55 
Dividends of profits unpaid on terminated 

policies 169 16 

State and local taxes due or accrued . . 16 90 

Gross Liabilities . . . . . 



Surplus 



Income. 

Gross cash premiums received dining the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Eeceived for interest on mortgages . 
Received for interest from all other sources 
Deposit notes received during the year . 
Gross Cash Income .... 



19,817 52 
191 f'l 



$29,452 56 



$48,939 16 



21,7G3 61 

$27,175 55 



$9,625 58 

7 11 55 

L,808 83 

12,175 96 



30 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Paid for salaries and fees of officers and employes 
for state taxes . . . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 
Total . . . 
Risks terminated during 1879 . 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 



$103,405 00 
22,675 00 



$15 00 
1 01 

88 

$16 89 



$126,080 00 
29,475 00 

$96,605 00 
4,320 00 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

Moses Foster, President. Secretary, Nathaniel H. Griffith. 

[Note. — This company charges no cash premium, but relies upon 
assessments upon deposit notes to pay losses and expenses.] 



Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . . . $41 16 

Gross Assets ....... - 



Liabilities. 

Owing for borrowed money, secured by treas- 
urer's note .. . ... 

Gross Liabilities . 

Income. 

Received from assessments on deposit notes 
Received from policy fees 
Borrowed money ..... 
Deposit notes received during the year . 



)25 00 



Gross Cash Income 



$925 00 
17,254 60 



Expenditures. 
Gross amount paid for losses during the year . 
Paid for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes . . 

for rents . . . . . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures . 



$41 16 



)25 00 



$104 63 
253 00 



$357 


63 


$767 50 


503 


26 


29 


18 


1 


05 


25 


00 


16 


19 



$1,342 18 



1879.] 



INSURANCE COMPANIES. 



31 



Miscellaneous 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Risks terminated during 1879 . 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



,336,811 00 
306,092 00 



-$1,642,903 00 
. 301,749 00 

$1,341,154 00 

72,699 59 

67 50 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 

NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 

George W. Hubbard, President. Secretary, Oliver Walker. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

53 shares Connecticut River Railroad 

20 " Northampton National Bank 



Summary of Assets Dec. 31, 1879 

Loans on mortgage of real estate (first liens) . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in the Northampton Nat'l B'k, 
Interest due and accrued 

Office furniture, etc. . . . $500 00 
Gross Assets 



Par value. 


Market value. 


$21,000 00 


$21,811 25 


5,300 00 


7,420 00 


2,000 00 


2,300 00 


$2S,300 00 


$31,531 25 


1, 1879. 




$15,200 00 




31,531 25 




228 79 




1,500 00 




479 12 






$48,939 16 



Liabilities. 

Unearned premiums on outstanding risks . $21,577 55 
Dividends of profits unpaid on terminated 

policies 109 16 

State and local taxes due or accrued . 16 90 

Gross Liabilities . . . . . 



21,763 61 



Surplus $27,175 55 



Income. 

Gross casli premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 
Received for interest from all other sources 
Deposit notes received during the year . 
Gross Cash Income .... 



$9,817 52 
1!)1 94 



$29,452 56 



$9,625 58 

711 55 
1,808 83 

12,175 96 



32 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 
Paid for losses during the year . . 
for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for rents .'.'.'-.'.'>.'. 
for incidental expenses . . . . 



$7,735 28 

675 96 

1,544 00 

87 49 

4,129 88 

150 00 

515 60 



Gross Cash Expenditures $14,838 21 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total ..'... 
Risks terminated during 1879 . 



1,197,284 00 
699,275 00 



43,896,559 00 
. 705,890 00 



Net amount in force Dec. 31, 1879 . ... $3,190,669 00 

Deposit notes received on outstanding risks * 109,728 89 

Losses incurred during the year . . . . . . . 7,735 28 

Percentage of profits or surplus returned during 1879, 40 per cent. 
Average rate to date, 40 per cent. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, 

HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 

Amos Bates, President. Secretary, Henry W. Gushing. 



Detailed Statement of Stocks, 



United States bonds 

Rhode Island state bonds, 6s 

Maine state bonds, 6s 

Portland city bonds, 6s . 

Plymouth water scrip 

Hull town note 

57 shares Hingham National Bank 



60 
15 
10 
19 
29 
12 
31 
26 
11 
45 
92 



Old Colony National Bank 
Abington National Bank 
Globe National Bank 
Hamilton National Bank 
Eagle National Bank ' . 
Union National Bank 
State National Bank 
North America National Bank 
Commerce National Bank 
Webster National Bank . 
Old Colony Railroad 



Bonds, Etc 

Par value. 

$18,500 00 
3,000 00 
15,000 00 
3,000 00 
4,000 00 
3,500 00 
3,990 00 
6,000 00 
1,500 00 
1,000 00 
1,900 00 
2,900 00 
1,200 00 
3,400 00 
2,600 00 
1,100 00 
4,500 00 
9,200 00 



Market value. 

$19,488 12 
3,480 00 
17,100 00 
3,300 00 
4,000 00 
3,500 00 
3,990 00 
7,500 00 
1,800 00 
1,035 00 
2,204 00 
3,248 00 
1,705 50 
3,969 50 
2,756 00 
1,298 00 
4,725 00 
9,844 00 



1879.] 



INSURANCE COMPANIES. 



33 



76 shares Boston and Albany Railroad 
Boston and Albany Railroad bonds, 7s 
Boston and Lowell Railroad bonds, 7s 
Boston and Maine Railroad bonds, 7s 
Eastern Railroad bonds . 
Hingham Water Company 



Summary of Assets Dec 

Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) 
Interest due and accrued 

Gross Assets .... 

Liabilities. 

Adjusted losses and claims due and unpaid 
Losses and claims adjusted, but not due . 
Claimed and reported losses not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes due or accrued 
Salaries ....... 

Gross Liabilities .... 



$7,600 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

1,750 00 



$10,488 00 

6,100 00 

11,550 00 

12,000 00 

4,125 00 

1,750 00 



$125,640 00 $140,956 12 

31, 1879. 

$4,000 00 

144,200 00 

140,956 12 

34 58 

20,502 22 

1,546 62 

7,572 83 

$318,812 37 



Surplus 



$1,529 58 

656 00 

1,820 00 

2,600 00 

183,509 23 

151 57 

174 00 



Income. 

Cash premiums received during the year 
Received for interest on mortgages . 

for interest from all other sources 

for rents . . . 

from policy fees 
Deposit notes received during the year . 



Gross Cash Income 



$117,833 28 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salarj.es and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures 
5 



190,440 38 

$128,371 99 



$59,708 51 

6,917 47 

8,202 53 

75 00 

198 00 



$75,101 51 



$34,949 50 

5,587 78 

2,925 00 

951 47 

39,929 05 

1,292 95 

$85,635 75 



34 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $21,230,153 00 

Risks written during 1879 . . . 3,414,226 00 

Total . . . ... 

Risks terminated during 1879 , 



-$24,644,379 00 
. 3,372,831 00 



Net amount in force Dec. 31, 1879 . . . . . $21,271,548 00 

Deposit notes received on outstanding risks .... 729,015 22 

Losses incurred during the year . . .... 37,083 08 

Percentage of profits or surplus returned during 1879, 75 per cent. 
Average rate to date, 75 to 80 per cent. 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 

James K. Fellows, President. Secretary, Charles W. Drew. 

Office, No: 4,9 Central Street. 



Detailed Statement of Stocks, 



United States bonds .... 
Boston and Lowell Railroad bonds . 
Lowell and Lawrence Railroad bonds 
Boston, Concord, and Montreal R.R. bonds 
Lyon county bond ..... 
Edwardsville town bond .... 
9 shares Lowell Manufacturing Company 
4 ' 
5 
2 



29 
6 



Massachusetts Cotton Mills 

Appleton Company . 

Merrimack Manufacturing Company 

Franklin Company 

Vermont and Canada Railroad . 

Vermont and Massachusetts Railroad, 



Bonds, Etc. 

Par value. 

$2,550 00 
4,000 00 
4,000 00 
6,000 00 
1,000 00 
1,000 00 
6,210 00 
4,000 00 
5,000 00 
2,000 00 
800 00 
2,900 00 
600 00 



Market value. 

$2,658 37 

4,240 00 

4,120 00 

6,120 00 

1,000 00 

1,000 00 

7,650 00 

4,000 00 

4,875 00 

3,050 00 

800 00 

493 00 

702 00 



Securities held as collateral for cash loans: — 
13 shares Prescott National Bank . 



$40,060 00 $41,608 37 



Market value. Loaned thereon. 

$1,690 00 $1,000 00 



Summary or Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) . 



$9,250 00 

41,608 37 

1,000 00 

446 76 

2,626 77 

616 40 



1879.] 



INSURANCE COMPANIES. 



35 



Due or to become due from other companies 

for re-insurance on losses already paid . $181 27 

Interest due and accrued . . . . 1,387 73 
Office furniture . . . . $145 00 

Gross Assets ...... $57,117 30 

Liabilities. 

Losses and claims adjusted, but not due . $953 84 

Unearned premiums on outstanding risks . 11,706 56 

Gross Liabilities ..... — 12,660 40 

Surplus $44,456 90 



Income. 

Gross cash premiums received during the year, 

Deduct return premiums and re-insurance 

Net cash premiums received . 

Received for interest on mortgages . 

for interest from all other sources 
for rents ..... 

Deposit notes received during the year . 

Gross Cash Income . 



',877 10 
142 92 



$23,943 42 



$7,734 18 

442 38 

2,326 12 

150 00 



$10,652 68 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employe's 

for interest on borrowed money 

for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total . . .' . 
Risks terminated during 1879 . 



Net amount in force Dec. 31, 1879 $1,850,788 00 

Deposit notes received on outstanding risks .... 70,23!) 39 

Losses incurred during the year 1,713 66 

Percentage of profits or surplus returned during 1879, 40 and 50 per cent. 
Average rate to date, 40 to 50 per cent. 



,774,793 00 
774,235 00 



$759 82 

82 60 

1,842 24 

298 50 

79 37 

3,370 63 

300 00 

430 13 

$7,163 29 



-$2,549,028 00 
. 698,240 00 



36 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 

Thomas B. Newhall, President. Secretary, William F. Johnson. 



Detailed Statement of 



United States bonds 

Somerville city bonds 

Chicago city bonds . 

Cambridge city bonds 

St. Louis city bonds 

Charlestown city bonds 

Lynn city bonds 

Cedar Rapids and Missouri River R.R. bonds 

Revere Beach Railroad bonds 

52 shares First National Bank 

20 " National City Bank 

5 " Central National Bank 
10 " Merchants' National Bank 
Loaned on personal security . 



Stocks, Bonds, Etc. 

Par value. 

$2,000 00 
5,000 00 



4,000 00 
2,000 00 
2,000 00 
2,000 00 
1,000 00 
4,000 00 
2,000 00 
5,200 00 
2,000 00 
500 00 
1,000 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens), $9,950 00 

Stocks, bonds, etc , as per schedule . . 37,770 00 

Cash in the office of the company . . . 338 17 

Cash deposited in various banks . . . 3,722 15 

Interest due and accrued . ' . .. . 931 98 
Office furniture and safe . . $400 00 

Gross Assets . . . . . ■■ 

Liabilities. 

Claimed and reported losses not adjusted . $400 00 

Unearned premiums on outstanding risks . 20,637 88 
Dividends of profits unpaid on terminated 

policies ...*... 268 37 

Gross Liabilities . . . . . 



Market value. 

$2,060 00 

5,500 00 

4,200 00 

2,200 00 

2,100 00 

2,200 00 

1,100 00 

4,320 00 

2,040 00 

5,720 00 

3,000 00 

650 00 

1,380 00 

1,300 00 



$37,770 00 



$52,712 30 



21,306 25 



Surplus ; $31,406 05 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from policy fees 
Deposit notes received during the year . 

Gross Cash Income .... 



$5,075 20 
143 28 



$4,931 92 

573 00 

1,904 75 

272 00 



$20,300 80 



$7,681 67 



1879.] 



INSURANCE COMPANIES. 



37 



Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for rents . . . 
for office, agency, and incidental expenses 

Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 81, 1878 
Risks written during 1879 

Total ...... 

Risks terminated during 1879 . 



Net amount in force Dec. 31, 1879 $1,513,694 00 

Deposit notes received on outstanding risks .... 85,838 05 

Losses incurred during the year . . .... 423 80 

Percentage of profits or surplus returned during 1879, 60 per cent. 
Average rate to date, 75 per cent. 



,545,432 00 
357,105 00 



$423 80 

1,200 00 

46 61 

3,220 03 

150 00 

341 23 



$5,381 67 



■$1,902,587 00 
. 388,893 00 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 

Isaac Davis, President. Secretary, Elijah B. Stoddard. 

Office, No. 24,0 Main Street. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Worcester and Nashua Railroad bonds . . $20,000 00 $20,000 00 

Providence and Worcester Railroad bonds . 25,000 00 28,000 00 

Lawrence city bonds 19,000 00 19,800 00 

20 shares Central Bank, Worcester . . 2,000 00 2,700 00 

25 " Wachusett Bank, Fitehburg . . 2,500 00 3,750 00 

13 " Mechanics' Bank, Worcester . . 1,300 00 1,495 00 

20 " Westminster Bank, Westminster . 2,000 00 2,000 00 

8 " Quinsigamond Bank, Worcester . 800 00 920 00 



$72,600 00 $78,665 00 



Securities held as collateral for cash loans: — 

United States bonds .... 
14 shares Leicester Bank 

8 " Revere Bank .... 
20 " Worcester and Nashua Railroad 

5 " Worcester Safe Dep. and Trust Co 
Personal notes ..... 
Loaned on personal security . 



2,000 00 



Par value. Loaned thereon . 

$25,000 00 $25,000 00 
1,400 00 

800 00 
1,000 00 

500 00 
1,500 00 



1,500 00 
5,000 00 



$33,500 00 



38 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in the First National Bank 
Cash deposited in the Quinsigamond Nat'l B'k 
Premiums in course of collection (net) . 
Interest due and accrued 
Bills receivable ..... 
Office furniture .... $500 00 
Gross Assets 



31, 1879. 

$50,000 00 

4,700 00 

78,665 00 

33,500 00 

34,000 00 

3,379 35 

3,833 82 

850 00 

450 68 



$209,378 85 



Liabilities. 

Claimed and reported losses not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies . • . 

Gross Liabilities . . 



Surplus 



$700 00 
100,621 84 

1,000 00 



Income. 

Gross cash premiums received during the year, 

Deduct return premiums and re-insurance 

Net cash premiums received . 

Received for interest on mortgages 

for interest from all other sources 
for rents ..... 

Deposit notes received during the year . 



Gross Cash Income $54,503 41 



$46,490 73 
1,487 02 



$92,129 74 



102,321 84 

$107,057 01 



$45,003 71 

594 72 

6,120 04 

2,784 94 



Expenditures. 
Gross amount paid for losses during the year . 
Paid for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes . . 

for profits or surplus on terminated policies 

for rents ...... 

for incidental expenses .... 

Gross Cash Expenditures 



3,583,541 00 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $14,255,537 00 
Risks written during 1879 

Total .... 
Risks terminated during 1879 . 

Net amount in force Dec. 31, 1879 



$24,875 68 
6,454 98 
6,353 00 
1,022 63 
18,366 65 
2,000 00 
2,277 70 

$61,350 64 



-$17,839,078 00 
. 3,917,790 00 

$13,921,288 00 



1879.] 



INSURANCE COMPANIES. 



39 



Deposit notes received on outstanding risks .... .$402,486 36 

Losses incurred during the year . . .... 22,668 57 

Percentage of profits or surplus returned during 1879, 15, 25, and 40 per 
cent. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 20, 1828. Commenced business April 1, 1828.] 

Samuel Gray, President. Secretary, Joseph A. Smart. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 6s 

Maine state bonds . 

Cleveland city bonds 

Albany city bonds . 

Boston city bonds . 

Chicago city water bonds 

St. Louis city bonds 

Cincinnati city bonds 

Charlestown city bonds 

Norwich city bonds 

Fall River city bonds 

Lynn city bonds 

Northampton town bonds 

Boston and Maine Railroad bonds 

Boston and Providence Railroad bonds 

Boston and Lowell Railroad bonds . 



Par value. 

$27,000 00 

10,000 00 

10,000 00 

10,000 00 

2,000 00 

12,000 00 

6,000 00 

9,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 



Market value. 

$32,670 00 

10,880 00 

10,287 50 

10,900 00 

2,000 00 

13,440 00 

6,330 00 

9,950 00 

5,600 00 

6,000 00 

10,600 00 

5,200 00 

5,550 00 

12,000 00 

6,050 00 

5,750 00 



$136,000 00 $153,207 50 



Securities held as collateral for cash loans: — 
30 shares Methuen National Bank . 



Market value. Loaned thereon. 

$4,000 00 $3,000 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens), $5,000 00 

Stocks, bonds, etc., as per schedule . . 153,207 50 

Loans on collateral security, as per schedule . 3,000 00 

Cash in the office of the company . . . 122 92 

Cash deposited in various banks '. . . 15,072 48 

Premiums in course of collection (net) . . 2,3S2 05 

Interest due and accrued .... 3,740 20 

Gross Assets . $182,525 15 



40 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Liabilities. 

Adjusted losses and claims due and unpai'd 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies 

Gross Liabilities ......;. 



Surplus 



Income. 



Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
jSTet cash premiums received . 
Received for interest on mortgages 

for interest from all other sources 

from all other sources 
Deposit notes received during the year . 

Gross Cash Income .... 



$623 80 
100,771 43 

200 00 



$49,646 04 
1,962 68 



$96,385 24 



$101,595 23 



,929 92 



$47,683 36 

239 00 

8,912 90 

255 00 



$57,090 26 



Expenditures. 

Gross amount paid for losses during the year . 
Paid for brokerage and commissions . . 

for salaries and fees of officers and employes 

for state and local taxes ....... 

for profits or surplus on terminated policies . 

for rents . . . . . • . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures . 



$23,903 24 

7,221 14 

. 4,456 00 

480 10 

19,003 85 

70 00 

1,157 39 

$56,291 72 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 . 



$13,902,427 00 
3,642,234 00 



-$17,544,661 00 
. 3,167,179 00 



Net amount in force Dec. 31, 1879 $14,377,482 00 

Deposit notes received on outstanding risks .... 230,022 26 

Losses incurred during the year . ..... 20,648 80 

Percentage of profits or surplus returned during 1879, 40 and 50 per cent. 
Average rate to date, 45 per cent. 



1879.] 



INSURANCE COMPANIES. 



41 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CON- 
CORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 

George Heywood, President. Secretary, Richard Barrett. 



Detailed Statement of Stocks, 

United States bond .... 

15 shares Merchants' National Bank, Boston 
40 ' 
25 < 

53 < 

54 ' 
30 < 
50 ' 

113 < 

18 ' 

20 ' 

44 ' 

33 ' 

10 ' 

20 ' 

40 ' 

25 ' 

50 ' 



' Webster National Bank, Boston 
4 Eliot National Bank, Boston . 
' Boston National Bank, Boston 
' Howard National Bank, Boston 
' Revere National Bank, Boston 
' Blackstone National Bank, Boston 
' Shawmut National Bank, Boston 
' State National Bank, Boston . 
' Faneuil Hall Nat'l Bank, Boston 
' North America Nat'l Bank, Boston 
' Concord National Bank . 
' Central National Bank, Boston 
' Traders' National Bank, Boston 
' Boston and Albany Railroad . 
; Fitchburg Railroad 
' Phil., Wilm., and Baltimore R.R. 

Boston and Albany Railroad bonds, 7s . 

Personal loans ..... 

Concord town loan ..... 

Eastern Railroad bonds .... 



Summary of Assets Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in the Concord National Bank, 
Premiums in course of collection (net) . 
Interest due and accrued .... 

Gross Assets ...... 

Liabilities. 

Claimed and reported losses not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

State and local taxes due or accrued 

Gross Liabilities .... 



Bonds, Etc 

Par value. 

$10,000 00 
1,500 00 

. 4,000 00 
2,500 00 
5,300 00 
5,400 00 
3,000 00 
5,000 00 
11,300 00 
1,800 00 
2,000 00 
4,400 00 
3,300 00 
1,000 00 
2,000 00 
4,000 00 
2,500 00 
2,500 00 
40,000 00 



4,000 00 



Market value. 

$10,312 50 
2,070 00 
4,200 00 
2,700 00 
5,724 00 
6,156 00 
3,450 00 
5,387 50 
12,543 00 
2,101 50 
2,517 50 
4,664 00 
4,290 00 
1,000 00 
2,060 00 
5,520 00 
3,050 00 
3,362 50 
48,800 00 
10,900 00 
19,500 00 
3,300 00 



Surplus . 







$163,608 50 


31, 1879. 






$37,500 


00 




119,900 


00 




163,608 


50 




4,495 


76 




13,179 


97 




7,446 


88 




6,333 


25 


$352,464 36 


,$2,000 


00 


135,896 


68 




| 225 


50 




114 20 








138,236 38 







$211,227 98 



42 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 
Cash premiums received during the year 
Received for interest on mortgage's . 

for interest from all other sources 

for rents . . 

from policy fees 
Deposit notes received during the year . . $65,460 59 

Gross Cash Income .... 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes 

for profits or surplus on terminated policies 

for incidental expenses .... 

Gross Cash Expenditures 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . $18,306,825 00 
Risks written during 1879 . . . 4,389,781 00 

Total — 

Risks terminated during 1879 



$66,078 66 

7,100 41 

8,266 54 

400 00 

125 00 



$81,970 61 

$21,067 06 
9,332 81 
6,340 40 
31 50 
1,041 34 
37,826 63 
1,833 98 

$77,473 72 



$22,696,606 00 
4,230,334 00 



Net amount in force Dec. 31, 1879 . . . , . $18,466,272 00 
Deposit notes received on outstanding risks .... 271,793 36 

Losses incurred during the year . . .... 23,067 06 

Percentage of profits or surplus returned during 1879, 50 and 60 per cent. 



MrLFORD MUTUAL FrRE INSURANCE COMPANY, MILFORD. 

[Incorporated April 30, 1851. Commenced business Jan. 1, 1852.] 

A. A. Cook, President. Secretary, George G. Parker. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

10 shares Milford National Bank . . . $1,000 00 $1,250 00 
9 " Hide and Leather National Bank . 900 00 1,035 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Loans on personal security 
Cash in the office of the company . 
Premiums in course of collection (net) 
Interest due and accrued 
Office furniture .... $100 00 
Gross Assets ...... 



$2,285 00 

2,500 00 

506 86 

351 60 

150 00 



,900 00 $2,285 00 



$5,793 46' 



1879.] 



INSURANCE COMPANIES. 



43 



Liabilities. 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ....... 

Gross Liabilities ..... 



,541 23 




37 53 






$3,578 76 





Surplus 



Income. 

Gross cash premiums received during the year, t ! 
Deduct return premiums and re-insurance 
Net cash premiums received .... 
Received for interest from all sources 
Received from policy fees .... 
Deposit notes received during the year . . ! 

Gross Cash Income ..... 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes . 

for profits or surplus on terminated policies 

for incidental expenses . 



Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . . $761,796 00 
Risks written during 1879 .... 136,820 00 

Total 

Risks terminated during 1879 



Net amount in force Dec. 31, 1879 .$742,177 00 

Deposit notes received on outstanding risks .... 18,153 90 

Losses incurred during the year ...... 10 00 

Percentage of profits or surplus returned during 1879, 25 per cent. 
Average rate to date, 25 per cent. 



^2,214 70 



,528 


17 






53 


49 


$1,474 


68 








. 


. 


216 


00 


. 


. 


50 


00 


,584 


51 







,740 68 





$790 00 




43 


89 




259 


61 




14 


02 




416 


16 




102 


30 



,625 98 



,616 00 
156,439 00 



44 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



MILL-OWNERS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated June 13, 1873. Commenced business Aug. 1, 1873.] 
Wilkiam H. Kent, President. Secretary, Frederick S. Cabot. 

Office, No. 131 Devonshire Street. 
Summary of Assets Dec. 31, 1879. 



United States bonds 
Boston city bonds . „ . 
Corporation notes ..... 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) 
Interest due and accrued 
Office furniture . . . . $150 00 
Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks 

Gross Liabilities ..... 



. $10,380 00 

35,175 00 

16,000 00 

67 68 

9,190 76 

970 36 

741 62 



$46,304 80 



$72,525 42 



46,304 80 



Surplus $26,220 62 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 
Received for interest from all sources 
Deposit notes received during the year . 

Gross Cash Income ..... 



$94,844 32 
2,163 41 



$463,048 00 



Expenditures. 

Gross amount paid for losses during the year . 
Paid for salaries and fees of officers and employes 

for state and local taxes .... 

for profits or surplus on terminated policies 

for rents . . . . . 

for office, agency, and incidental expenses 

Gross Cash Expenditures 



$92,680 91 
2,248 41 

$94,929 32 



$8,063 27 

10,882 54 

888 64 

55,292 65 

1,084 00 

587 55 



$76,798 65 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total . 
Risks terminated during 1879 

Net amount in force Dec. 31, 1879 



58,442,140 00 
9,761,820 00 



-$18,203,960 00 
. 8,691,563 00 

$9,512,397 00 



1879.] 



INSURANCE COMPANIES. 



45 



Deposit notes received on outstanding risks . • . . $463,048 00 

- 

Losses incurred during the year . . .... 5,329 06 

Percentage of profits or surplus returned during 1879, 66^ per cent. 
Average rate to date, 64 -J-fa per cent. 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 26, 1827.] 

W. C. Sturtevant, President. Secretary, Frank R. Young. 

Office, corner Main and Elm Streets. 



Detailed Statement of Stocks, 



United States bonds 

Boston and Albany Railroad bonds 

75 shares Second National Bank . 

61 

25 

25 

25 

10 

50 

50 

50 



Chicopee National Bank 
John Hancock National Bank 
First National Bank 
Chapin National Bank . 
Monson National Bank . 
Hadley Falls National Bank 
National Bank of Commerce 
Boston and Albany Railroad 



Bonds, Etc. 

Par value. 

$9,000 00 
7,000 00 
7,500 00 
6,100 00 
2,500 00 
2,500 00 
2,500 00 
1,000 00 
5,000 00 
5,000 00 
5,000 00 



Market value. 

$9,245 00 
8,540 00 

12,000 00 
8,540 00 
2,750 00 
3,375 00 
2,650 00 
1,350 00 
7,500 00 
6,000 00 
7,000 00 



$53,100 00 $68,950 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens) . $32,950 00 

Stocks, bonds, etc., as per schedule . . 68,950 00 

Cash in the office of the company . . . 219 46 

Cash deposited in the Chicopee National Bank, 2,437 56 

Interest due and accrued .... 495 47 

Gross Assets ...... 



$1,633 14 
32,460 14 

377 60 



Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies . . . . 

Gross Liabilities .... 

Surplus ...... 



Tnx'Ome. 

Gross cash premiums received during the year, $11,108 01 

Deduct return premiums and re-insurance . 732 54 

Net cash premiums received .... — 



$105,052 49 



34,470 88 

$70,581 61 



,375 47 



46 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Received for interest on mortgages . 

for interest from all other sources 
from policy fees . . 

Deposit notes received during the year . 



£2,293 46 

3,404 38 

437 00 



122,090 22 



Gross Cash Income $16,510 31 



Expenditures. 
Paid for losses during the year ... 

for salaries and fees of officers and employes 
for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures . . 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $3,897,750 00 
Risks written durjng 1879 . . . . 684,100 00 

Total .... 
Risks terminated during 1879 



$1,110 05 

2,589 00 
108 56 

6,446 90 
200 00 
282 69 

$10,737 20 



: ,581,850 00 
664,275 00 



Net amount in force Dec. 31, 1879 . . . . . $3,917,575 00 
Deposit notes received on outstanding risks .... 129,840 56 
Percentage of profits or surplus returned during 1879, 75 per cent. 
Average rate to date 75 per cent. 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 

Amos Stone, President. Secretary, George H. Pendergast. 

Office, Charlestown District. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... . $3,000 00 $3,120 00 
10 shares Monument National Bank ..' . 1,000 00 1,690 00 

20 " National Bank of Republic . . 2,000 00 2,440 00 



$6,000 00 

Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens), $19,120 00 
Stocks and bonds as per schedule . 
Cash in the office of the company . 
Cash deposited in bank . 
Premiums in course of collection (net) 
Interest due and accrued 

Office furniture . . . . $175 00 
Gross Assets 



',250 00 



7,250 00 




219 69 




3,576 33 




441 43 




535 00 






$31,142 45 



1879.] 



INSURANCE COMPANIES. 



47 



Liabilities. 

Unearned premiums on outstanding risks . $6,019 13 
Dividends of profits unpaid on terminated 

policies 114 03 

Gross Liabilities ..... 



1,133 16 



Surplus ... . . . ..... $25,009 29 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages 
Received for interest from all other sources 
Deposit notes received during the year . 

Gross Cash Income .... 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for state and local taxes . 

for profits or surplus on terminated policies 

for rents ....... 

for incidental expenses .... 



1,001 72 
74 67 



$9,005 31 



^2,927 05 

1,292 23 

335 52 



$4,554 80 



$5 


25 


456 


81 


32 


09 


1,131 


50 


300 


00 


136 


80 



$2,062 45 



Gross Cash Expenditures . 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $1,125,100 00 
Risks written during 1879 .... 292,300 00 

Total $1,417,400 00 

Risks terminated during 1879 345,850 00 

Net amount in force Dec. 31, 1879 $1,071,550 00 

Deposit notes received on outstanding risks .... 28,591 07 

Losses incurred during the year ...... 5 25 

Percentage of profits or surplus returned during 1879, 25 per cent. 
Average rate to date, 25 per cent. 



NEWBURYPORT MUTUAL EIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated February, 182'.). Commenced business M:iy 1, 1829.] 

Amos Noyes, President. Secretary, J osepb J. Knapp. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



100 shares Merchants' National Bank 
18 " Mechanics' National Bank 
31 " Ocean National Bank 



$2,000 00 
1,800 00 
1,550 00 



$2,400 00 
2,430 00 

1,800 00 



48 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



15 shares Washington National Bank, Boston 

Eastern Railroad bonds 

Lawrence city bonds 

Lowell city bonds . 

Fall River city bonds 

Chelsea city bonds . 

Hyde Park town bonds 

Natick town bonds . 



$1,500 00 
5,500 00 
1,000 00 
2,000 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 



$1,800 00 
4,482 50 
1,150 00 
2,300 00 
1,100 00 
1,030 00 
1,050 00 
2,100 00 



$20,350 00 $21,702 50 



Summary of Assets Dec. 31, 1879. 

$21,702 50 

12 21 

329 72 

1,766 37 

160 00 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in the Merchants' Nat'l Bank, 

deposited in savings banks 
Interest due and accrued . 



Office furniture 
Gross Assets 



$225 40 



$23,970 80 



Liabilities. 

Unearned premiums on outstanding risks . $4,263 45 
Dividends of profits unpaid on terminated 

policies . . . . ... 93 14 

Rents, salaries, and incidental expenses . 80 00 

Gross Liabilities ..... 



4,436 59 



Surplus . . ' . $19,534 21 



Income. ^ 

Gross cash premiums received during the year, $1,439 18 
Deduct return premiums and re-insurance . 14 85 

Net cash premiums received . 
Received for interest from all sources 

for rents .... 

from policy fees 
Deposit notes received during the year . . $11,372 44 



Gross Cash Income 



Expenditures. 

Gross amount paid for losses during the year . 
Paid for salaries and fees of officers and employes 

for state and local taxes .... 

for profits or surplus on terminated policies 

for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures 



$1,424 33 


963 


32 


39 


58 


51 


50 



1,478 73 



$850 00 


325 


00 


14 


36 


1,559 


44 


100 


00 


93 


76 



^2,942 56 



1879.] 



INSURANCE COMPANIES. 



49 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 
Risks terminated during 1879 



Net amount in force Dec. 31, 1879 $689,785 00 

Deposit notes received on outstanding risks . . . . 40,799 59 

Losses incurred during the year . . .... 850 00 

Percentage of profits' or surplus returned during 1879, 100 per cent. 
Average rate to date, 100 per cent. 



$712,965 00 
114,700 00 



$827,065 00 
137,880 00 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, 

DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825. 

Ira Cleveland, President. Secretary, Preston II. Mansfield. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $50,000 00 $53,500 00 

Chicago city sewerage loans, 7s . . . . 7,000 00 7,910 00 

Cincinnati city bonds, 7 T %s . ,.' . . 25,000 00 28,750 00 

Marquette and Ontonagon Railroad bonds, 8s, 32,000 00 35,520 00 

Philadelphia and Reading Railroad bonds, 7s . 8,000 00 8,400 00 

Old Colony Railroad bonds, 6s 12,000 00 13,200 00 

New England Mortgage Security bonds, 7s . 20,000 00 21,600 00 

Personal loan - 400 00 

$169,280 00 
Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Interest and rents due and accrued . 

Gross Assets ..... 

Liabilities. 

Adjusted losses and claims due and unpaid 
Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Dividends of profits unpaid on terminated 
policies ...... 

Salaries ....... 

Gross Liabilities .... 

Surplus ...... 



$17,500 00 

89,800 00 

169,280 00 

13,7S7 88 

4,235 10 

5,327 54 



$181 00 

875 00 

116,160 40 

395 39 

6,138 85 
825 00 



$299,930 58 



121,578 64 
$175,351 94 



50 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Cash premiums received during the year 
Received for interest on mortgages 

for interest from all other sources 

for rents . . ... 

from all other sources 
Deposit notes received during the year . . $93,189 00 

Gross Cash Income . 



,572 92 

6,470 89 

10,688 35 

1,343 75 

37 50 



$67,113 41 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for. state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses . . 

Gross Cash Expenditures . . 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . . $14,625,331 00 
Risks written during 1879 . . . 2,994,833 00 

Total . . . . .'■..•;— 
Risks terminated during 1879 



$25,036 61 
7,235 39 
3,224 46 
1,289 19 
27,580 11 
1,352 57 

,718 33 



Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 
•Losses incurred during the year 



-$17,620,164 00 
. 3,308,126 00 

$14,312,038 00 

. 462,212 38 

20,674 92 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851. J 

Israel W. Munkoe, President. Secretary, Charles A. Howland. 



Detailed Statement of Stocks, 



United States registered bonds, 6s . 

200 shares Manufacturers' National Bank 



40 


i i 


Merchants' National Bank 


91 


a 


Third National Bank 


25 


u 


State National Bank 


100 


u 


North National Bank 


66 


(< 


Washington National Bank 


48 


a 


Second National Bank . 


45 


a 


Blackstone National Bank 


50 


a 


First National Bank 


37 


if 


Revere National Bank . 



Bonds, Etc 

Par A r alue. 

$10,000 00 
20,000 00 
4,000 00 
9,100 00 
2,500 00 
10,000 00 
6,600 00 
4,800 00 
4,500 00 
5,000 00 
3,700 00 



Market value. 

$10,400 00 
19,600 00 
4,520 00 
9,282 00 
3,000 00 
12,300 00 
8,448 00 
6,912 00 
4,8G0 00 
9,200 00 
4,255 00 



1879.] 



INSURANCE COMPANIES. 



51 



50 shares Hamilton National Bank 

46 " Continental National Bank . 

197 " Mount Wollaston National Bank . 

25 " Granite National Bank . 

50 " Wachusett National Bank 

54 " '* Hingham National Bank 

38 " First Nat'l Bank, So. Weymouth . 

67 " Union National Bank, Weymouth . 

10 " Quinsigamond Nat. B'k, Worcester, 

411 u Old Colony and Newport Railroad, 

174 " Boston and Albany Railroad . 

5 " Citizens' Gas-Light Company 



Securities held as collateral for cash loans: 

107 shares Hingham Cordage Company . 
142 " Lawrence Cotton Duck Company 



$5,000 00 

4,600 00 

.19,700 00 

2,500 00 

5,000 00 

3,780 00 

3,800 00 

6,700 00 

1,000 00 

41,100 00 

17,400 00 

500 00 



$6,050 00 
4,830 00 

26,595 00 
3,250 00 
7,250 00 
4,050 00 
4,750 00 
7,236 00 
1,050 00 

44,388 00 

24,360 00 
500 00 



$191,280 00 $227,086 00 



Market value. Loaned thereon. 

$12,810 00 $10,000 00 
14,200 00 23,091 67 



$27,040 00 $33,091 67 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Interest due and accrued 
Office furniture . . . . $1,608 69 
Gross Assets ...... 

Liabilities. 

Losses and claims adjusted, but not due . 
Claimed and reported losses not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

State and local taxes due or accrued 
Salaries and incidental expenses 

Gross Liabilities .... 



Surplus $191,091 16 



$17,500 00 

57,590 00 

227,086 00 

33,091 67 

138 00 

35,528 43 

9,598 85 

6,098 30 



$862 27 
4,000 00 

187,502 78 

1,500 00 
200 00 
875 04 



$386,631 25 



194,940 09 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums .... 

Net cash premiums received .... 



$91,511 00 
8 50 



11,535 50 



52 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Received for interest on mortgages 

for interest from all other sources 
for rents ... . . . 

Deposit notes received during the year . 



Gross Cash Income 



1,544 00 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes . 

for profits or surplus on terminated policies 

for rents .-.'.. 

for incidental expenses . . . 



Gross Cash Expenditures 



$3,887 08 

9,762 36 

111 78 



$105,296 72 



$21,869 03 

13,854 29 

8,889 93 

1,558 47 

39,790 83 

200 00 

4,030 GQ 

$90,193 21 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 
Risks terminated during 1879 
Risks re-insured during 1879 

Total deductions 



£25,984,110 00 
6,524,448 00 

* 

$6,977,000 00 
2,000 00 



-$32,508,558 00 



6,979,000 CO 



Net amount in force Dec. 31, 1879 . . ... $25,529,558 00 

Deposit notes received on outstanding risks .... 375,249 63 

Losses incurred during the year . ..... 26,529 91 

Percentage of profits or surplus returned during 1879, 20 to 50 per cent. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May, 1838.] 

Charles S. Nichols, President. Secretary, Samuel A. Potter. 

Office, No. 97 Washington Street. 



Detailed Statement of Stocks, 



City of Chelsea bond 
City of Toledo bonds 
Springfield city bonds, 7s 
Cleveland city bonds, 7s 
Cincinnati city bonds 
Chicago city bonds, 7s 
Peoria city bonds, 7s 
St. Louis county bonds, 7s 
Cook county bonds . 
St. Albans bonds, 6s 



Bonds, Etc. 

Par value. 

$1,000 00 
2,000 00 
1,000 00 
1,000 00 
2,000 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 
300 00 



Market value. 

$1,100 00 
2,210 00 
1,200 CO 
1,140 00 
2,220 00 
1,120 00 

980 00 
1,060 00 
1,060 00 

300 00 



1879.] 



INSURANCE COMPANIES. 



53 



20 shares Salem National Bank 

14 ,; Asiatic National Bank 

5 " National Exchange Bank 

6 " Cambridge Horse Railroad 
Boston and Maine Railroad bond. 7s 
Eastern Railroad bond . 

Essex Railroad bond, 6s . 

15 shares Salem Gas-Light Company 
2 " Lynn Gas-Light Company 



82,000 00 

420 00 

500 00 

600 00 

1,000 00 

1,000 00 

1.000 00 

1,500 00 

200 00 



82.200 00 

525 00 

550 00 

700 00 

1,190 00 

820 00 

940 00 

1,500 00 

140 00 



$19,520 00 820,955 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets ..... 



§6,470 00 

20,955 00 

2,675 06 

508 76 

314 95 



$30,923 77 



Liabilities. 

Unearned premiums on outstanding risks . §7,644 62 
Dividends of profits unpaid on terminated 

policies . . . . . . . 389 22 

State and local taxes due or accrued . 11 67 

Salaries 300 00 

Gross Liabilities .... 



Surplus 



Income. 



Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for iuterest on mortgages . 
Received for interest from all other sources 
Deposit notes received during the year . 

Gross Cash Income .... 



$6,450 82 
10S 92 



$19,308 81 



8.315 51 
$22,57S 26 



86,341 90 

393 70 

1,33S 30 

88,073 90 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employe's 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures 



$29 00 


17 


87 


1,300 


00 


58 


70 


3,594 


73 


51 


91 



$5,052 21 



54 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 . 

Total 

Risks terminated during 1879 



,058,625 00 
452,400 00 



■$1,511,025 00 
. 537,250 00 



Net amount in force Dec. 31, 1879 . . .... $973,775 00 

Deposit notes received on outstanding risks . . . . 40,010 25 

Losses incurred during the year . . . 29 00 

Percentage of profits or surplus returned during 1879, 40 per cent. 
Average rate to date, 40 per cent. 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, SALISBURY. 

[Incorporated May 18, 1855. Commenced business Dec. 1, 1855.] 

David L. Dearborn, President. Secretary, Charles L. Allen. 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . . . $28 22 

Cash deposited in bank ..... 2,756 88 

Office safe $100 00 

Gross Assets . . . ... . — ■ — - $2,785 10 



Liabilities. 
Unearned premiums on outstanding risks 
Gross Liabilities .... 



$1,154 21 



1,154 21 



Surplus . . . . $1,630 89 



Income. 

Gross cash premiums received during the year 

Deduct return premiums and re-insurance 

Net cash premiums received . 

Received for interest from all sources 

Received from policy fees 

Deposit notes received during the year 



Gross Cash Income 



$177 14 
117 48 



$1,571 40 



$359 66 

108 39 

54 00 

$522 05 



Expenditures. 

Paid for losses during the year . . 
for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures 





$638 00 




54 00 




355 69 




3 85 




117 4S 




3 25 




. $1,172 27 



1879'.] 



INSURANCE COMPANIES. 



55 



Miscellaneous. 
Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Risks terminated during 1879 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 



$389,028 00 
55,580 00 



$144,608 00 
78,335 00 

$366,273 00 
23,084 30 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

Harmon Hall, President. Secretary, Wilbur F. Newhall. 

[Note. — This company insures nothing but dwellings, farm-buildings, 
and their contents, in Lynn, Saugus, Lynnfield, Swampscott, and Nahant. 
No cash premiums are taken; but assessments are made on deposit notes, 
to pay losses and expenses. All policies are issued for a term of three 
years.] 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . 

Net amount of unpaid assessments 

Rents due ....... 

Office property . . . . $250 00 

Gross Assets 



$683 27 

250 00 

12 50 



$945 77 



Liabilities. 

Owing for borrowed money, secured by 

directors' note ...... $816 00 

Rents 25 00 

Gross Liabilities 

Income. 

Received from assessments on deposit notes .... 

for rents ......... 

from policy fees 

Deposit notes received during the year . . $100,196 00 



$841 00 



£,223 25 

62 50 
578 00 



Gross Cash Income $2,863 75 



Expenditures. 

Gross amount paid for losses during the year . 
Paid for salaries and fees of officers and employes 

for interest on borrowed money 

for state and local taxes .... 

for rents ....... 

for office, agency, and incidental expenses 



Gross Cash Expenditures 



$1,352 59 


1,0(52 


50 


20 


67 


21 


37 


150 


00 


74 


12 



$2,681 25 



56 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 . 

Total 

Risks terminated during 1879 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 
Assessments laid on deposit notes . 



12,483,345 00 
817,975 00 



-$3,304,320 00 

. 875,870 00 

$2,428,450 00 

, 293,472 00 

1,352 59 

2,183 90 



SHELBURNE MUTUAL FIRE INSURANCE COMPANY, 

SHELBURNE. 

[Incorporated June 18, 1877. Commenced business July 4, 1S77.] 

N. O. Newhall, President. Secretary, William T. Peck. 

[Note. — Insures property in the town of Shelburne only.] 



Summary of Assets Dec. 31, 1879. 

Cash deposited in bank . . . . . $ 84 86 

Interest due and accrued . . . . 2 99 

Gross Assets ....... 



$87 85 



Income. 

Cash premiums received during the year 
Deposit notes received during the year . 



Gross Cash Income 



5241 60 



24 16 



$24 16 



Expenditures. 



Paid for fees of employes 
Paid for state and local taxes . 

Gross Cash Expenditures 



$2 00 
24 



\2 24 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Risks terminated during 1879 

Net amount in force Dec. 31, 1879 . 
Deposit notes received on outstanding risks 



$107,558 00 
4,050 00 



- $111,608 00 
700 00 

. $110,908 00 
241 60 



1879.] 



INSURANCE COMPANIES. 



57 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 

Isaac B. Elliot, President. Secretary , George A. Osborne. 

Detailed Statement of Stocks, 

77 shares South Danvers Nat'l Bank, Peabody, 
48 " Warren National Bank, Peabody 
51 " Asiatic National Bank, Salem . 
20 " Naumkeag National Bank, Salem . 
18 " Exchange National Bank, Salem 
12 " First National Bank, Salem . 
34 " First National Bank, Danvers . 
30 " Nat'l Hide and Leather B'k, Boston, 

8 " Andover National Bank . 
United States bonds ......'. 

Boston city bonds ...... 

Cincinnati city bonds ....;. 

Eastern Railroad bonds . . . -. 



Summary of Assets Dec. 31, 1879 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in the So. Danvers Nat'l Bank, 
Premiums in course of collection (net) . 
Interest due and accrued .... 

Gross Assets ...... 



Bonds, Etc 


. 


Par value. 


Market value. 


$7,700 00 


$9,625 00 


4,800 00 


6,000 00 


1,530 00 


1,683 00 


2,000 00 


2,500 00 


1,800 90 


1,890 00 


1,200 00 


1,260 00 


2,550 00 


2,550 00 


3,000 00 


3,000 00 


800 00 


800 00 


6,000 00 


6,060 00 


3,000 00 


3,000 00 


3,000 00 


3,150 00 


2,000 00 


1,000 00 


$39,380 00 


$42,518 00 


., 1879. 




$200 00 




42,518 00 




176 50 




2,407 02 




7 00 




172 33 






SHAK ARCi 8K 



Liabilities. 

Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Salaries . . . . . . . 

Gross Liabilities 



Surplus 



,970 43 
404 01 
237 50 



11,011 94 

^33,808 91 



Income. 

Gross cash premiums received during the year, $3,599 62 
Deduct return premiums and re-insurance . 234 50 

Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from policy fees 
Deposit notes received during the year . 



Gross Cash Income 
8 



$10,798 80 



$3,305 12 

12 00 

2,466 80 

123 00 



$5,966 42 



58 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 
for state and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures ... 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total . . .'.-.-. 
Risks terminated during 1879 



$991,830 00 
161,275 00 



$117 54 

984 00 

39 70 

3,307 00 

18 82 

£4,467 06 



■$1,153,105 00 
162,000 00 



Net amount in force Dec. 31, 1879 $991,105 00 

Deposit notes received on outstanding risks .... 53,647 97 

Losses incurred during the year . . .... 117 54 

Percentage of profits or surplus returned during 1879, 100 per cent. 
Average rate to date, 75 per cent. 



TRADERS' AND MECHANICS' INSURANCE COMPANY, 

LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 

Levi Sprague, President. Secretary, Edward M. Tucke. 

Office, No. 27 Central Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Boston and Lowell Railroad bonds . . . $15,000 00 $17,250 00 

Cook county (111.) bonds .... 2,50000 2,65000 

St. Albans town bonds 3,000 00 3,000 00 

Lynn city bonds . . . ... . 5,00000 5,60000 

Cambridge city bonds 5,000 00 5,600 00 

Lowell city bonds . . . . . . 3,000 00 3,360 00 

190 shares Traders' 'and Mechanics' Ills. Co. . 19,000 00 21,850 00 

50 " Connecticut River Railroad . . 5,000 00 7,000 00 

25 " Vermont and Massachusetts R.R. . 2,500 00 2,925 00 

5 " Lowell Manufacturing Company . 3,450 00 4,150 00 

8 "' Merrimack Manufacturing Co. . 8,000 00 12,000 00 

30 " Tremont and Suffolk Company . 3,000 00 3,900 00 

50 " Vassalborough .... 5,000 00 4,250 00 

100 " Lowell Gas Company . . . 10,000 00 15,000 00 

3 " Massachusetts Cotton Company . 3,000 00 3,450 00 

15 " Middlesex Company . . . 1,500 00 3,450 00 

50 " Lawrence Gas Company . . 5,000 00 6,250 00 



1879.] 



INSURANCE COMPANIES. 



59 



20 share's Androscoggin. Mills . 

30 " Old Lowell National Bank 

20 " National Bank of North America 

Loaned on personal security . 



Securities held as collateral for cash loans : — 

United States bonds . . . . . ) 
20 shares Pacific National Bank . . '. ) 
144 " Nashua and Lowell Railroad . 



$2,000 00 $2,100 00 

3,000 00 3,450 00 

2,000 00 2,120 00 

13,640 00 



$142,995 00 



Market value. Loaned thereon. 

$5,500 00 $5,500 00 
19,400 00 14,300 00 



Summary of Assets Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company and in bank 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets 

Liabilities. 

Claimed and reported losses not adjusted 
Unearned premiums on outstanding risks 
Gross Liabilities 



$24,900 00 $19,800 00 

31, 1879. 

$9,700 00 

87,210 00 

142,995 00 

19,800 00 

5,756 43 

1,349 00 

2,090 70 

$268,901 13 



$1,500 00 
110,926 52 



112,420 52 



Surplus $156,474 61 



$54,358 62 
1,390 05 



Income. 

Gross cash premiums received during the year, 

Deduct return premiums and re-insurance 

Net cash premiums received . . . . $52,968 57 

Received for interest on mortgages . . . . • • 9,176 04 

for interest from all other sources .... 5,435 00 

for rents 593 48 

Deposit notes received during the year . . $51,014 31 

Gross Cash Income . $68,173 09 

Expenditures. 

Paid for losses during the year . . . . . . $12,221 68 

for brokerage and commissions . .... 7,091 02 

for salaries and fees of officers and employes . . 5,681 97 

for state and local taxes . . . .... 527 81 

for profits or surplus on terminated policies . . . 23,955 95 

for rents 800 00 

$49,781 43 



Gross Cash Expenditures 



60 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Miscellaneous. 
Risks outstanding Dec. 31, 1878 . . $14,647,437 00 
Risks written during 1879 . . . 3,734,276 00 

Total .. . . . . 118,381,713 00 

Risks terminated during 1879 . . . .... 3,817,770 00 



Net amount in force Dec. 31, 1879 $14,563,943 00 

Deposit notes received on outstanding risks .... 221,853 05 

Losses incurred during the year . ....... 13,721 68 

Percentage of profits or surplus returned during 1879, 20, 30, and 50 
per cent. 



WESTFIELD MUTUAL FIRE INSURANCE COMPANY, 

WESTFIELD.* 

[Incorporated March 30, 1852. Commenced business Nov. 1, 1852.] 

L. R. Norton, President. Secretary, W. H. Foote. 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . . . $553 06 

Cash deposited in savings banks . . . 1,775 00 

Re-insurance due on outstanding losses . . 3,000 00 
Interest due and accrued .... 35 50 

Office safe . . . . . $390 00 

Gross Assets . ; , . . . . . _— — — $5,363 56 

Liabilities. 

Adjusted losses and claims due and unpaid . $200 00 

Claimed and reported losses .not adjusted . 3,000 00 

Salaries . ... .40 00 

Gross Liabilities — — 3,240 00 



Surplus $2,123 56 

Income. 

Gross cash premiums received during the year, $855 86 

Deduct return premiums . . . . 10 10 

Net cash premiums received . . . . — — — - — $845 76 

Received for interest from all sources . . . . . 256 90 

Deposit notes received during the year . . $2,492 28 

Gross Cash Income $1,102 66 

Expenditures. 

Gross amount paid for losses during the year . $2,250 00 
Deduct amount re-insured .... 700 00 
Net amount paid for losses . . . . $1,550 00 

* Closing up. All outstanding risks re-insured April 15, 1879, in Westchester Fire 
Insurance Company. 



1879.] 



INSURANCE COMPANIES. 



61 



Paid for brokerage and commissions 

for salaries and fees of officers and employes 
for state and local taxes . . 
for profits or surplus on terminated policies 
for rents ...... 

for incidental expenses . 
for re-insurance . . 



Gross Cash Expenditures 



$85 58 

39 00 

12 94 

623 55 

80 00 

9 83 

3,593 25 



$5,994 15 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . . $772,490 00 
Risks written during 1879 .... 59,875 00 

Total . $832,365 00 

Risks terminated during 1879 . . . . 252,250 00 
Risks re-insured during 1879 .... 580,115 00 

Total deductions . ... . 832,365 00 

Deposit notes received on outstanding risks .... 19,688 22 

Losses incurred during the year . . .... 3,900 00 

Percentage of profits or surplus returned during 1879, 40 per cent on 
five-year policies. 



WESTFORD MUTUAL FIRE INSURANCE COMPANY, 

WESTFORD. 

[Incorporated March 20, 1840. Commenced business July, 1840.] 

Allan Cameron, President. Secretary, J. Henry Read. 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens), $495 00 



Cash in the office of the company 
Cash deposited in savings banks 
Gross Assets . 



180 70 
611 0C 



,286 70 



Liabilities. 

Unearned premiums on outstanding risks 
Gross Liabilities .... 

Balance against the company . 



$,511 97 



2,511.97 



$1,225 27 



Income. 

Cash premiums received during the year 
Deposit notes received during the year . 

Gross Cash Income .... 



,436 80 



$718 40 



$718 40 



62 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Expenditures. 

Paid for losses during the year $1,404 00 

Paid for state and local taxes 6 61 



Gross Cash Expenditures $1,410 61 

Miscellaneous. 
Risks outstanding Dee. 31, 1878 . . . $544,170 00 

72,150 00 

Total . . . $616,320 00 

Risks terminated during 1879 113,925 00 



■& 



Net amount in force Dec. 31, 1879 



. $502,395 00 



Deposit notes received on outstanding risks .... 10,182 50 
Losses incurred during the year 1,404 00 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

William Merrill, President. Secretary, George W. Carr. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1879. 

Cash in the office of the company . . . . $77 63 
Office property . . . . . $25 00 

Gross Assets $77 63 

Liabilities. 

Owing for borrowed money, secured by treasur- 
ers' note $300 00 

State and local taxes due or accrued . . . 24 39 

Rents, salaries, office, agency, and incidental ex- 
penses ........ 556 00 

Gross Liabilities . . . . . _ $880 39 

Income. 

Received from assessments on deposit notes .... $2,629 48 

Received from policy fees . . . .... 125 00 

Deposit notes received during the year . . $16,190 22 

Gross Cash Income $2,754 48 

Expenditures. 

Gross amount paid for losses during the year .... $1,304 02 
Paid for brokerage and commissions . .... 145 95 



1879.] INSURANCE COMPANIES, 63 



Paid for salaries and fees of officers and employes 
for interest on borrowed money . * 
for state and local taxes . 
for rents ....... 

for office, agency, and incidental expenses 



$742 75 
68 14 
24 39 
11 00 
21 15 



Gross Cash Expenditures $2,317 40 

Miscellaneous. ' 

Risks outstanding Dec. 31, 1878 . . $2,077,326 00 
Risks written during 1879 .... 285,460 00 

Total : $2,362,786 00 

Risks terminated during 1879 170,386 00 



Net amount in force Dec. 31, 1879 $2,192,400 00 

Deposit notes received on outstanding risks .... 122,352 34 

Losses incurred during the year . . .... 1,279 02 

Assessments laid on deposit notes . , ... . 2,629 48 



WEYMOUTH AND BRATNTREE MUTUAL FIRE INSURANCE 
COMPANY, WEYMOUTH.* 

[Incorporated Feb. 20, 1833. Commenced business Aug. 1, 1833.] 

Naaman L. White, President. Secretary, Elias Richards. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Nashua and Rochester Railroad bonds . . $3,000 00 $2,700 00 
Burlington, Cedar Rapids, and No. R.R. b'ds, 2,400 00 2,160 00 
Personal loan - 106 67 



$4,966 67 
Summary of Assets Dec. 31, 1879. 

Bonds, etc., as per schedule .... $4,966 67 

Cash in the office of the company . . . 711 06 
Office furniture and fixtures . . $200 00 

Gross Assets ...... #5,677 73 

LlABILITIKS. 

Claims for losses disputed or resisted . . $3,368 61 

Gross Liabilities ..... 8,868 61 



Surplus &2,300 12 



* All outstanding risks re-insured in Home [insurance Company of New Fork, Dec. L, i^tu. 



64 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Gross cash premiums received during the year 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Deposit notes received during the year . 



Gross Cash Income 



$462 75 
149 86 



,289 65 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for state and local taxes . 

for rents .... 

for incidental expenses . 

for re-insurance 

Gross Cash Expenditures 



£312 80 
462 96 



$775 85 



$775 13 


63 


89 


237 20 


10 


99 


140 


00 


101 


84 


2,398 


63 



53,727 68 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . . $954,45100 

Risks written during 1879 . . . . 31,600 00 

Total $986,051 00 

Risks terminated during 1879 . . ' . . $441,553 00 

Risks re-insured during 1879 .... 544,498 00 

Total deductions -.- $986,051 00 

Deposit notes received on outstanding risks .... 25,052 00 

Losses incurred during the year . . . . . . 275 13 



WORCESTER MANUFACTURERS' MUTUAL FIRE INSUR- 
ANCE COMPANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 

George M. Rice, President. Secretary, Samuel R. Barton. 

Office, No. 44$ Main Street. 



Detailed Statement of Stocks, Bonds, Etc. 



Boston and Albany Railroad bonds 
Boston and Fitchburg Railroad bonds 
Old Colony Railroad bonds 
Worcester city bonds 
60 shares City National Bank, Worcester 
United States bonds 



Tar value. 

$26,000 00 
15,000 00 
25,000 00 
10,000 00 
6,000 00 
75,000 00 



Market value. 

$31,590 00 
18,000 00 
29,000 00 
11,400 00 
6,300 00 
77,793 75 



$157,000 00 $174,083 75 



1879.] 



INSURANCE COMPANIES. 



65 



Summary of Assets Dec. 31, 1879. 
Stocks, bonds, etc., as per schedule . . $174,083 75 

Cash in the office of the company ... 16 62 

Cash deposited in the Worcester Safe Deposit 

and Trust Company 12,902 57 

Gross Assets 



7,002 94 



Liabilities. 

Unearned premiums on outstanding risks 
State and local taxes due or accrued 

Gross Liabilities .... 



$71,052 11 

283 69 



71,335 80 



$142,104 22 
9,122 17 



Surplus $115,067 14 

Income. 
Gross cash premiums received during the year, $143,979 18 
Deduct return premiums and re-insurance . 1,874 96 

Net cash premiums received .... 

Received for interest from all sources . .... 
Deposit notes received during the year . . $708,865 25 

Gross Cash Income . . . ..... 

Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for inspection of risks .... 

for incidental expenses .... 



Gross Cash Expenditures .... 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $15,210,188 00 
Risks written during 1879 . . . 15,089,59100 



$151,226 39 



$14,445 96 
3,187 60 
1,308 38 

120,432 48 

600 00 

1,500 00 

1,228 66 



$142,763 08 



Total 
Risks terminated during 1879 



$30,899,770 00 

. • . 15,152,418 00 

Net amount in force. Dec. 31, 1879 $15,747,36100 

Deposit notes received on outstanding risks .... 70S, si;.") 25 

Losses incurred during the year . . .... 5..)10 16 

Percentage of profits or surplus returned during 1879, 86^,-,, per cent. 
Average rate to date, 64^^ per cent. 

9 



66 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated February, 1823. Commenced business May, 1824.] 

Ebenezer Torrey, President. Secretary, Charles M. Miles. 

Office, No. 377 Main Street. 



Detailed Statement of Stocks, 

179 shares Worcester National Bank 
200 

50 

22 

57 

45 

40 

15 

20 

15 

15 

30 

25 



City National Bank 
Citizens' National Bank 
Central National Bank . 
Mechanics' National Bank 
Quinsigamond National Bank 
Fitchburg National Bank 
Blackstone National Bank 
Oxford National Bank . 
Grafton National Bank . 
Southbridge National Bank 
Westborough National Bank 
Wachusett National Bank 

Union Pacific Railroad bonds . 

Boston, Barre, and Gardner Railroad bonds 

Fitchburg and Worcester Railroad bonds 

Loaned on personal security . 



Securities held as collateral for cash loans: — 



10 shares Bay State House (with two morts.) 

5 " Norwich and Worcester Railroad 
65 " Worcester Gas-Light Company 
12 " Worcester and Nashua Railroad 
Boston, Barre, and Gardner Railroad bonds 
Mortgage assigned . . . . 



Bonds, Etc. 

Par value. 

$17,000 00 
20,000 00 
5,000 00 
2,200 00 
5,700 00 
4,500 00 
4,000 00 
1,500 00 
2,000 00 
1,500 00 
1,500 00 
3,030 00 
2,500 00 
5,000 00 
12,500 00 
1,500 00 



Market value. 

$2,250 00 

650 00 

8,450 00 

600 00 

2,000 00 

4,000 00 



Market value. 

$21,250 00 

22,000 00 

6,000 00 

2,970 00 

6,555 00 

5,175 00 

5,600 00 

1,650 00 

2,600 00 

1,650 00 

1,950 00 

3,450 00 

3,750 00 

5,250 00 

12,500 00 

1,500 00 

57,435 00 

8161,285 00 

Loaned tliereon. 

11,871 50 

500 00 

6,500 00 

150 00 

530 00 

2,500 00 



$17,950 00 $12,051 50 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 



$80,000 00 



Loans on mortgage of real estate (first liens) . 205,695 72 

Stocks, bonds, etc., as per schedule . . 161,285 00 

Loans on collateral security, as per schedule . 12,051 50 

Cash in the office of the company and in bank, 6,451 12 

Premiums in course of collection (net) . . 202 76 

Interest due and accrued .... 10,044 99 

Gross Assets ...... 



$475,731 09 



1879.] 



INSURANCE COMPANIES. 



67 



Liabilities. 
Adjusted losses and claims unpaid . 
Unearned premiums on outstanding risks 
Gross Liabilities 



$5,500 00 
236,526 02 



$242,026 02 



Surplus 



Income. 

Cash premiums received during- the year . 
Received for interest from all sources 

for rents 

from all other sources 
Deposit notes received during the year . 



233,705 07 



$107,826 22 

18,697 74 

6,084 68 

1,467 40 



^215,652 44 



Gross Cash Income $134,076 04 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for state and local taxes and insurance . 
for profits or surplus on terminated policies 
for incidental expenses .... 



Gross Cash Expenditures . 



$30,627 37 
7,958 28 
9,440 75 
2,672 86 
67,583 79 
4,071 12 

^122,354 17 



Miscellaneous. 



Risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total .... 
Risks terminated during 1879 . 



$30,706,382 00 
7,204,506 00 



-$37,910,888 00 
7,590,878 00 



Net amount in force Dec. 31, 1879 $30,320,010 00 

Deposit notes received on outstanding risks .... 916,10400 

Losses incurred during the year . . .... 33,854 38 

Percentage of profits or surplus returned during 1879, 60 per cent. 
Average rate to date, 60 per cent. 



68 



MASS. MUT. FIRE INS. COS. [Dec. 31, '79. 



AGGREGATE. 



1 
Assets. 




Gross present Assets . 


$4,989,464 00 


Liabilities. 




Gross present Liabilities ...... 


$2,341,028 00 


Income. 




Cash received for premiums during the year 


$1,707,981 00 


for interest and dividends 


240,157 00 


from assessments on deposit notes . 


18.748 00 


for rents ...... 


14,256 00 


from all other sources . . . . 


4,722 00 


Gross Cash Income . . '. . . 


$1,985,864 00 


Expenditures. 




Cash paid for losses . . . . . 


$426,144 00 


for brokerage and commissions on premiums, 


93,737 00 


• ' for salaries and fees of officers and employes, 


143,710 00 


for interest on borrowed money . 


' 742 00 


for state and local taxes .... 


24,747 00 


for return of profits or surplus 


1,079,168 00 


for rents ....... 


15,862 00 


for all other expenditures .... 


64,103 00 


Gross Cash Expenditures 


$1,848,213 00 


General Items. 




Whole amount of risks outstanding at end of year 


$351,736,664 00 


of. deposit notes received thereon . 


11,638,592 00 


of risks written during the year . 


162,172,658 00 


of risks terminated during the year 


159,735,574 00 


of losses incurred during the year 


374,195 00 



MASSACHUSETTS MUTUAL FIEE 
INSURANCE COMPANIES, 

WITH GUARANTEE CAPITAL. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1879. 



70 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

Guarantee Capital, $100,000. 

Augustus Story, President. Secretary, Thomas II. Johnson. 

Office, No. 114 Washington Street* 

Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value. 

United States bonds . $40,000 00 $41,600 00 

Massachusetts state bonds . . . . 4,000 00 4,400 00 

New Hampshire state bonds .... 4,000 00 4,600 00 

Adams county (111.) bonds . . ~. . 5,000 00 5,000 00 

Licking county (O.) bonds .-..'.. 5,000 00 5,100 00 

Marion county (Ind.) bonds . . . . 5,000 00 5,250 00 

Columbus (O.) city bonds . . . 6,000 00 6,100 00 

Cincinnati (O.) city bonds . 5,000 00 5,650 00 

Cleveland (O.) city bonds . . . . 10,000 00 10,550 00 

Chicago (111.) city bonds . . . • . . 5,000 00 5,580 00 

Chelsea (Mass.) city bonds .... 17,000 00 18,870 00 

Cambridge (Mass.) city bonds . . . 10,000 00 10,500 00 

Dayton (O.) city bonds ,..'.. . . . 2,000 00 2,030 00 

Hartford (Conn.) city bonds . . . . 10,000 00 11,000 00 

Jeffersonville (Ind.) city bonds ... . 7,000 00 7,175 00 

Jacksonville (111.) city bonds .... 5,000 00 5,125 00 

Lawrence (Mass.) city bonds 5,000 00 5,550 00 

Lynn (Mass.) city bonds . . . . 5,000 00 5,150 00 

Lowell (Mass.) city bonds .... 4,000 00 4,440 00 

Milwaukee (Wis.) city bonds .... 7,500 00 8,000 00 

Minneapolis (Minn.) city bonds . . . 5,000 00 5,700 00 

Portland (Me.) city bonds .... 5,00000 5,35000 

St. Louis (Mo.) city bonds .... 10,000 00 10,400 00 

Salem (Mass.) city bonds . . ... 10,000 00 11,350 00 

Delaware and Hudson Canal Co. bonds . . 5,000 00 5,500 00 

Chicago, Burlington, and Quincy R.R. bonds, 16,500 00 19,965 00 

Chicago and Alton Railroad bonds . . . 5,000 00 5,300 00 

Chicago and Eastern Illinois R.R. bonds . 5,000 00 4,700 00 

Baltimore and Ohio Railroad bonds . . 10,000 00 10,650 00 



1879.] 



WITH GUARANTEE CAPITAL. 



71 



Central Pacific Railroad bonds 

Central Pacific R.R. 1st mortgage bonds 

Central New Jersey Railroad bonds 

Eastern Railroad bonds .... 

Lehigh Valley Railroad bonds 

Scioto Valley Railroad bonds . 

Terre Haute and South-Eastern R.R. bonds 

Union Pacific Railroad bonds . 

Vermont Cent, and Vt. and Can. R.R. bonds 
31 shares Old Colony Railroad 
50 " Portland, Portsm'th, and Saco R.R 

100 " Pittsb'g, Ft. Wayne, and Chi. R.R 
31 " National Exchange Bank, Salem 
10 " First National Bank, Salem . 
35 " Mercantile Nat'l Bank, Salem 
39 " Naumkeag Nat'l Bank, Salem 

140 " Salem National Bank, Salem . 
50 " National Bank of Republic, Boston 
15 " Blackstone National Bank, Boston 
15 " Freeman's National Bank, Boston 
30 " Globe National Bank, Boston 

100 " Merchants' National Bank, Boston 
30 " National Revere Bank, Boston 
75 u Second National Bank, Boston 



Summary of Assets Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in the Salem National Bank 
Premiums in course of collection (net) . 
Interest due and accrued 
Rents due ...... 

Gross Assets 



110,000 00 
7,000 00 
6,000 00 

21,000 00 
5,000 00 
6,000 00 
5,000 00 

10,000 00 
2,000 00 
3,100 00 
5,000 00 

10,000 00 
3,100 00 
1,000 00 
3,500 00 
3,900 00 

14,000 00 
5,000 00 
1,500 00 
1,500 00 
3,000 00 

10,000 00 
3,000 00 
7,500 00 



$10,500 00 
7,770 00 
6,300 00 

17,220 00 
5,475 00 
6,000 00 
5,000 00 

11,100 00 

700 00 

3,379 00 

5,100 00 

11,100 00 
3,255 00 
1,100 00 
3,675 00 
5,616 00 

14,420 00 
6,100 00 
1,612 50 
1,702 50 
3,105 00 

13,800 00 
3,450 00 

10,875 00 



$380,100 00 $408,940 00 

31, 1879. 

$40,000 00 

19,000 00 

408,940 00 

3,762 15 

5,483 25 

1,079 71 

4,899 70 

137 50 

$483,302 31 



Liabilities. 

Claimed and reported losses not adjusted . $4,332 05 

Claims for losses disputed or resisted . . 2,000 00 

Unearned premiums on outstanding risks . 136,846 75 

Return premiums on cancelled policies . . 130 53 
Dividends of profits unpaid on terminated 

policies 904 67 

Gross Liabilities, except Guarantee Capital, 

Surplus as regards policy-holders 

Guarantee Capital ......... 



Surplus over Guarantee Capital 



141,214 00 

$339,088 31 

100,000 00 

$239,088 31 



72 MASS. MUTUAL FIRE INS. COS. [Dec. 31, 

Income. 

Gross cash premiums received during the year, $78,243 61 
Deduct return premiums and re-insurance . 1,860 15 

Net cash premiums received . . . . . —- _- — _ $76,383 46 

Received for interest on mortgages . ..... 1,693 26 

for interest from all other sources .... 21,283 99 

for rents . 2,263 16 

Deposit notes received during the year . . $77,322 07 

Gross Cash Income $101,623 87 

Expenditures. 

Paid for losses during the year . . .... $25,710 96 

for brokerage and commissions . .... 11,683 69 

for salaries and fees of officers and employes . . . 7,339 50 

for interest on guarantee capital . .... 8,500 00 

for state and local taxes . . . .... 1,349 36 

for profits or surplus on terminated policies . . . 24,932 10 

for incidental expenses . . . .... 2,472 05 

Gross Cash Expenditures . . . .... $81,98766 

Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $19,899,057 00 
Risks written during 1879 . . . 6,177,986 00 

Total ...... — $26,077,04300 

Risks terminated during 1879 ...... 6,537,606 00 



Net amount in force Dec. 31, 1879 . . . $19,539,437 00 

Deposit notes received on outstanding risks . . . 276,543 27 

Losses incurred during the year ..... 30,037 44 

Whole amount of net profits reserved for the security of the insured, 

as required by sect. 11, chap. 375, Acts of 1872, $67,272.08. 
Rate of interest realized on investments of guarantee capital, 4.80 per cent. 



MASSACHUSETTS MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Jan. 1, 1873.] 

Guarantee Capital, $200,000. 

Charles B. Cumings, President. Secretary, John M. Corbett. 

Office, No. 28 Stale Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

150 shares Tremont National Bank . . $15,000 00 $17,700 00 

80 " Hamilton National Bank . . 8,000 00 9,280 00 

100 " Merchants' National Bank . . 10,000 00 13,800 00 



1879.] 



WITH GUARANTEE CAPITAL. 



73 



70 shares National Union Bank 
160 " New England National Bank 
100 " Columbian National Bank 

25 " Globe National Bank . 
100 " National Webster Bank . 

50 " Boston and Maine Railroad 
Eastern Railroad bonds . 
Nashua and Rochester Railroad bonds 
Michigan Central (Air Line) Railroad bonds 
Michigan Central Equipment Railroad bonds 
Boston and Lowell Railroad bonds . 
Burlington and Missouri River R.R. bonds 



$7,000 00 
16,000 00 
10,000 00 

2,500 00 
10,000 00 

5,000 00 
16,000 00 
10,000 00 

6,000 00 

4,000 00 
10,000 00 

8,000 00 



$9,940 00 

22,480 00 

14,425 00 

2,587 50 

10,500 00 

5,950 00 

13,120 00 

8,800 00 

6,780 00 

4,280 00 

10,100 00 

8,640 00 



-1137,500 00 $158,382 50 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash deposited in the New England Trust Co 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets ..... 

Liabilities. 



$7,100 00 

142,000 00 

158,382 50 

6,568 84 

795 54 

3,791 96 



$318,638 84 



Unearned premiums on outstanding risks . .$83,502 03 
Dividends of profits unpaid on terminated 

policies . 703 02 

Gross Liabilities, except Guarantee Capital, 84,205 05 



Surplus as regards policy-holders $234,433 79 

Guarantee Capital 200,000 00 



Surplus over Guarantee Capital 



. $34,433 79 



Income. 

Gross cash premiums received during the year, $20,873 40 
Deduct return premiums and re-insurance . 1,168 40 

Net cash premiums received .... $19,705 00 

Received for interest on mortgages 9,853 39 

for interest from all other sources .... 6,962 20 

for rents 832 (52 

Gross Cash Income $37,35:5 21 



Expenditures. 

Paid for losses during the year . 
for brokerage and commissions 
for salaries and fees of officers and employes 
10 



11,427 l 1 
1,632 16 
8,919 50 



74 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



Paid for interest on borrowed money 

for state and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses . . 

Cash dividends paid 



$346 17 
2,374 59 
4,549 68 
2,250 00 
1,581 10 
14,000 00 



Gross Cash Expenditures . . . . . . $37,080 34 

Miscellaneous. 

Risks outstanding Dec. 31,1878 . . $14,498,565 00 

Risks written during 1879 . . . 2,203,617 00 

Total ...... — $16,702,182 00 

Risks terminated during 1879 . . .... 1,900,410 00 

Net amount in force Dec. 31, 1879 . . . . $14,801,772 00 

Losses incurred during the year . . .... 1,370 82 

Percentage of profits or surplus returned during 1879, 20 per cent. 

Average rate to date, 20 per cent. 

Whole amount of net profits reserved for the security of the insured, as 

required by sect. 11, chap. 375, Acts of 1872, $9,702.09. 
Rate of interest actually realized upon the investments of the guarantee 

capital, 5-| per cent. 



MECHANICS' MUTUAL INSURANCE COMPANY, BOSTON. 
(Mutual Department.) 

[Incorporated May 4, 1875. Commenced business May 5, 1875.] 
Guarantee Capital, $200,000. 

Alfred Bicknell, President. Secretary, John H. Robinson. 

Office, No. 33 Milk Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Metropolitan Railroad bonds .... $10,000 00 $10,900 00 

Eastern Railroad bonds 10,500 00 8,800 00 

Burlington and Missouri River R.R. bonds . 7,200 00 7,776 00 

Boston and Albany Railroad stock . . . 10,000 00 14,000 00 

Boston and Maine Railroad stock . . . 10,000 00 11,900 00 

Chicago, Burlington, and Quincy R.R. stock . 10,000 00 14,100 00 

New England Mortgage Security Co. bonds . 3,000 00 3,240 00 

District of Columbia bonds .... 5,00000 4,30000 

Central National Bank, Boston, stock . . 2,500 00 2,500 00 

Hide and Leather National Bank stock . . 4,200 00 4,704 00 

Everett National Bank stock .... 4,300 00 4,730 00 

North America National Bank stock . . 6,800 00 7,344 00 

Webster National Bank stock .... 6,000 00 6,360 00 



1879.] 



WITH GUARANTEE CAPITAL. 



75 



Eagle National Bank stock 
Blackstoiie Xational Bank stock 
Traders' National Bank stock 
State National Bank stock 
Revere National Bank stock . 
Howard National Bank stock . 
Manufacturers' National Bank stock 



81,600 00 
1,900 00 

700 00 
2,200 00 

500 00 
3,600 00 
3,500 00 



$5,152 00 
2,033 00 
721 00 
2,596 00 
575 00 
4,104 00 
3,500 00 



8106,500 00 8119,335 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . 831,493 33 

Loans on mortgage of real estate (first liens) . 57,300 00 

Stocks and bonds, as per schedule . . . 119,335 00 

Cash deposited in Natl Bank North America, 2,300 97 

Cash deposited in Mass. Life and Trust Co. . 21,797 13 

Premiums in course of collection (net) . . 318 55 

Interest due and accrued . . . 2,130 88 

Rents due 400 00 

Gross Assets ...... 8235,075 86 



Liabilities. 

Losses and claims adjusted, but not due . . 81,741 34 

Claimed and reported losses not adjusted . 1,600 00 

Unearned premiums on outstanding risks . 33,847 21 

Return premiums on cancelled policies . . 68 11 

Gross Liabilities, except Guarantee Capital, 

Surplus as regards policy-holders . . .... 

Guarantee Capital ......... 



Impairment of Guarantee Capital 



37,256 66 

8197,819 20 
200,000 00 

82,180 80 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Received from commissions 



Gross Cash Income 



81,313 49 
096 92 



83,616 57 

1,862 GO 

67 19 



15,545 76 



EXPENDITI'II 9. 



Paid for losses during the year 

for brokerage and commissions 
for salaries, taxes, rent, etc. . 

Gross Cash Expenditures . 



817,851 28 

290 15 

1,188 72 

$19,330 15 



76 



MASS. 'MUTUAL FIRE INS. COS. [Dec. 31, 



Miscellaneous. 

Risks outstanding Dec. 31, 1878 . . $6,318,739 00 

Risks written during 1879 . . . 327,765 00 

Total . . ..... $ 

Risks terminated during 1879. . . $1,132,836 00 

Risks re-insured during 1879 . . . . 6,500 00 

Total deductions .... 



1,646,504 00 



1,139,336 00 



Net amount in force Dec. 31, 1879 . . ... $5,507,168 00 

Deposit notes received on outstanding risks .... 67,694 42 

Losses incurred during the year . ...... 15,837 68 

Rate of interest actually realized upon the investments of the guarantee 

capital, b\ per cent. 
Dividends in arrears or percentage of dividends to which the holders of 

the guarantee capital would be entitled in case the profits were sufficient 

therefor, 31 per cent. 



1879.] 



WITH GUARANTEE CAPITAL, 



77 



AGGEEGAIE, 



Guarantee Capital ...... 


• 


$500,000 00 


Assets. 






Gross present Assets 


• 


$1,037,017 00 


Liabilities. 






Gross present Liabilities 


• 


$265,676 00 


Income. 






Cash received for premiums during the year . 


. 


$99,705 00 


for interest and dividends 


. • 


41,654 00 


from all other sources . , 


• 


3,163 00 


Gross Cash Income .... 


$144,522 00 


Expenditures. 






Ca^h paid for losses ..... 


. 


$44,989 00 


for brokerage and commission on pr 


emiums . 


13,606 00 


for salaries and fees of officers and employes . 


16,260 00 


for dividends .... 


. 


22,500 00 


for state and local taxes 


. . 


3,724 00 


for return of profits or surplus 


. . 


29,482 00 


for all other expenditures 


• 


7,838 00 


Gross Cash Expenditures 


$138,399 00 


General Items. 






Risks written during the year 




$8,709,368 00 


terminated during the year . 




9,577,352 00 


outstanding at end of year . 




39,848,377 00 


Losses incurred during the year 




47,246 00 


Net profits reserved ..... 




76,974 00 



MASSACHUSETTS 

MUTUAL IAEINE AND EIEE-MAEOE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1879. 



80 



MASS'. MUTUAL MARINE AND [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES, 



ATLANTIC MUTUAL FIRE AND MARINE INSURANCE COM- 
PANY, PROVINCETOWN. 

[Incorporated April 13, 1854. Commenced business March, 1855.] 

Whole amount of Guarantee Fund $100,00000 

Paid up in subscription notes . . . . 100,000 00 

Outstanding scrip not ordered to be redeemed . . . . . . . 89,104 00 

Joshua Paine, President. Secretary, Lewis Nickerson. 
Office, No. 83 Commercial Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 1881 .... $6,000 00 6,255' 00 

Chicago city bonds, 7s 10,000 00 11,300 00 

Cincinnati city bonds, 7 T %s . . . . 5,000 00 5,750 00 

Long Island city bonds, 7s ... 2,000 00 1,900 00 

Dayton city bonds, 7s .... . 2,000 00 2,120 00 

Rockland city bonds, 6s 3,000 00 2,940 00 

Thomaston town bonds, 6s . . . . 2,000 00 1,960 00 

Hyde Park town bonds, 7s . . . 2,000 00 2,100 00 

45 shares Republic National Bank, Boston . 4,500 00 5,490 00 

78 '-< Freeman's National Bank, Boston . 7,800 00 8,853 00 

15 " Revere National Bank . . . 1,500 00 1,728 75 

16 <-< Hide and Leather Nat'l B'k, Boston, 1,600 00 1,780 00 
15 " Traders' National Bank, Boston . 1,500 00 1,545 00 

15 " State National Bank, Boston . . 1,500 00 1,750 25 
30 " First National Bank, Provincetown . 3,000 00 4,200 00 
80 " Chicago and North- Western R.R. . 8,000 00 8,480 00 

16 " Boston and Albany Railroad . . 1,600 00 2,208 00 
35 " Burl., Cedar Rapids, and No. R.R. 3,500 00 2,030 00 

5 " Chicago, St. P., and Minneap. R.R. 500 00 240 00 

Mich. Air-Line R.R. 1st mortgage bonds . 7,000 00 7,630 00 

Conn. Western R.R. Tst mortgage bonds . 5,000 00 1,450 00 

Chicago, St. P., and Minneap. 1st mort. bonds, 3,000 00 3,030 00 

Chi., St P., and Minneap. land-grant bonds . 3,000 00 2,750 00 

Burl., Cedar Rapids, and No. R.R. 1st mort. 4,000 00 3,600 00 

Portland Water Company's bonds . . . 2,000 00 2,080 00 

New England Mort. Security Co.'s bonds . 2,000 00 2,140 00 

Personal loans 2,896 35 2,807 68 

Insurance scrip (own) . . . $240 00 
Office furniture . . . . 391 15 



15,896 35 



,117 68 



1879.] 



FIRE-MARINE INS 



Summary of Assets Dec 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in First National Bank 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Unpaid stock or subscription notes on 
not exceeding 12 months, not yet due 
Gross Assets .... 



time 



COS. 

31, 1879. 

$98,117 6S 

1,218 99 

5,601 97 

1,452 50 

19,270 87 

24,452 94 

100,000 00 



81 



^250,117 95 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Interest due or accrued on scrip 
Due and accrued for rents, salaries, etc. . 
State and local taxes .... 

Gross Liabilities, except Capital and Scrip, 



13,636 40 

8,S00 00 

5,000 00 

24,033 94 

85 51 

495 00 

71 56 



Surplus as regards policy-holders . . .... 

Guarantee Fund $100,000 00 

Scrip outstanding, not ordered to be redeemed, 89,104 00 



42,122 41 



$207,995 54 



189,104 00 



Surplus over Guarantee Fund and Scrip 



$18,891 54 



Income. 

Cash received for marine and inland prems. . 
Deduct re-insurance and return- premiums 
Net cash rec'd for marine and inland prems. . 
Unpaid premium notes rec'd during the year . 
Interest and dividends received from all sources 

Gross Cash Income ..... 



$48,816 76 
5,363 34 

$37,676 66 



$43,453 42 

5,437 05 

$18,890 47 



Expenditures. 

Cash paid for marine and inland losses . 
for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for rent ..... 
for incidental expenses . 

Gross Cash Expenditures 
11 



$43,174 40 

1,541 23 

1,312 50 

383 68 

85 00 

•l.)l 05 

$10,917 86 



82 



MASS. MUTUAL MARINE AND [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . ... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$427,289 00 
697,065 00 

1,124,354 00 
800,716 00 

$323,638 00 
6,800 00 



Premiums. 

$34,608 36 
37,676 66 

$72,285 02 
47,832 08 

$24,452 94 
419 00 



$316,838 00 $24,033 94 



Miscellaneous. 
Marine and inland losses incurred during the year 



,171 80 



BOYLSTON MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 8, 1873.] 

Whole amount of Guarantee Fund $557,200 00 

Paid up in cash . 557,200 00 

Outstanding scrip not ordered to he redeemed 79,700 00 

J. W. Balch, President. Secretary, Washington Glover. 

Office, No 4$ State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



250 shares Merchants' National Bank 
200 " State National Bank 
100 " Merchandise National Bank . 
283 " National Bank of the Republic 
300 " Washington National Bank . 
300 " Columbian National Bank 
200 " Tremont National Bank 

17 " New Eng'land National Bank . 
328 " Phila., Wil., and Bait. Railroad 
225 " Fitchburg Railroad 
300 " Boston and Providence Railroad 

50 " Boston and Albany Railroad . 
United States bonds .... 
New England Moitgage Security Co. bonds 
Boston and Providence Railroad bonds . 
Framingham and Lowell Railroad bonds 



Par value. 

$25,000 00 
20,000 00 
10,000 00 
28,300 00 
30,000 00 
30,000 00 
20,000 00 
1,700 00 
16,400 00 
22,500 00 
30,000 00 
5,000 00 
50,000 00 
10,000 00 

100,000 00 
25,000 00 



Market value. 

$34,500 00 

23,350 00 

9,850 00 

34,526 00 

38,550 00 

43,200 00 

23,600 00 

2,380 00 

21,976 00 

27,675 00 

38,025 00 

6,900 00 

53,250 00 

10,500 00 

121,000 00 
22,500 00 



$423,900 00 $511,782 00 



1879.] 



FIRE-MARINE INS. COS. 



83 



Securities held as collateral for cash loans : — 

100 shares First Nat'l Bank, Concord, N.H. . 
Chicago, Quincy, and Burlington R.R. bonds, 
Cambridge city bonds . . 



Market value. Loaned thereon. 

$15,000 00 $10,000 00 

5,900 00 5,000 00 

550 00 400 00 



$21,450 00 $15,400 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks, bonds, etc , as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken from marine and inland risks 
Premiums more than 3 months due, $1,531 85 
Gross Assets 



$20,000 00 

224,661 23 

8,254 59 

511,782 00 

15,400 00 

23,589 87 

57,259 27 

956 00 

8,542 93 

58,213 30 



$928,659 19 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Unused balances of premium notes . 

Interest due or accrued on scrip 

Due and accrued for rent, salaries, etc. 

Commissions and brokerage . 

Return premiums .... 

Gross Liabilities, except Guarantee Fund 
and Scrip .... 

Surplus as regards policy-holders . 
Guarantee Fund .... 
Scrip outstanding, not ordered to be redeemed, 

Surplus over Guarantee Fund and Scrip . 



$29,124 00 

13,500 00 

147,156 45 

651 72 

232 20 

425 00 

800 00 

77 50 



$557,200 00 
79,700 00 



191,966 87 
$736,692 32 



636,900 00 



$99,792 32 



Income. 

Cash received for fire premiums . . . $98,766 26 

Deduct re-insurance and return premiums . 12,210 70 

Net cash received for fire premiums . . 



$86,555 56 



* Value of lands mortgaged $191,200 00 

"Value of buildings thereon 170,600 00 

Amount of insurance held aw collateral .... 156,00000 



84 



MASS. MUTUAL MARINE AND [Dec. 31, 



Cash received for marine and inland prems. . $132,009 50 
Deduct re-insurance and return premiums . 18,988 37 

Net cash rec'd for marine and inland prems. . $113,021 13 

Unpaid premium notes rec'd during the year . $52,689 13 

Interest and dividends received from all sources . . 40,518 81 

Income from rents ......... 900 00 

Miscellaneous . . . . . '•• . . .... 216 47 

Gross Cash Income . . . . . . . . $241,21197 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses ... 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for rents ..... 

for incidentals 

Gross Cash Expenditures 



$73,813 33 
5,325 97 

$87,416 31 
24,937 13 



,487 36 



62,479 18 

44,502 00 

4,675 80 

15,780 28 

22,700 0u 

6,670 86 

4,000 00 

10,273 96 

$239,569 44 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . . . 
Deduct amount re-insured 

Net amount in "force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



515,654,053 00 
13,305,415 00 



$28,959,468 00 
12,703,947 00 

$16,255,521 00 
347,700 00 



Premiums. 

$174,230 64 
101,027 18 

$275,257 82 
102,911 12 

$172,346 70 
3,519 16 



515,907,821 00 $168,827 54 



$7,059,051 00 
14,893,243 00 



$21,952,294 00 
10,193,043 00 

$11,759,251 00 
157,869 00 



$68,520 00' 
131,320 29 

$199,840 29 
136,468 01 

$63,372 28 
2,477 39 



$11,601,382 00 $60,894 89 



1879.] 



FIRE-MARINE INS- COS. 



85 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared daring the year (8 per cent) 

Fire losses incurred during the year 

Marine and inland losses incurred during the year . 

Company's stock owned by directors 



£,406,417 95 
1,311,979 53 
488,274 00 
44,502 00 
66,261 36 
63,329 18 
27,500 00 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 

William Perkins, President. Secretary, George L. Deblois. 

Office, No. 52 State Street. 



Detailed Statement of Stocks, 



United States bonds 

Brookline water bonds, 7s 

Beverly town loan .... 

100 shares Atlas National Bank 

100 " Old Boston National Bank 

100 " Continental National Bank 

300 " Columbian National Bank 

150 " Commerce National Bank 

300 " Hide and Leather National Bank 

16 " Massachusetts National Bank 
120 " North National Bank . 
100 " New England National Bank . 
300 ' ' Republic National Bank 
200 " Second National Bank . 

30 " State National Bank 
350 " 'Fremont National Bank 
300 " Webster National Bank 
300 4k Washington National Bank . 
200 " Boston and Albany Railroad . 
120 " Boston and Providence Railroad 

40 " Boston and Lowell Railroad . 
Eastern Railroad mortgage bonds . 
Houston and Texas Central Railroad bond 
Boston Gas Company's bonds, 6s . 
Insurance scrip of other companies . 
95 shares Relief Steamboat Co. . $1,000 00 



Bonds, Etc 

Par value. 

$50,000 00 
10.000 00 
20,000 00 
10,000 00 

5,000 00 
10,000 00 
30,030 00 
15,000 00 
30,000 00 

4,000 00 
12,000 00 
10,000 00 
30,000 00 
20,000 00 

3,000 00 
35,000 00 
30,000 00 
30,000 00 
20,000 00 
12,000 00 
20,000 00 
20,000 00 

1,000 00 
50,000 00 

1,701 00 



Market value. 

$52,300 00 
500 00 
000 00 
800 00 
500 00 
500 00 
200 00 
700 00 
300 00 
600 00 
120 00 
000 00 
000 00 
000 00 
480 00 
300 00 
500 00 
700 00 
600 00 
120 00 
100 00 
S00 00 
000 00 
000 00 

500 00 



12 

21 

11 

6 
10 
43 
17 
33 

4 
15 
14 
36 
29 

3 
41 
31 
38 
27 
15 
17 
32 

1 
51 

1 



$478,761 oo {$569,520 oo 



86 MASS. MUTUAL MARINE AND [Dec. 31. 

Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

Corporation notes indorsed .... $1 15,000 00 $115,000 00 

Boston and Lowell Railroad notes . . . 25,000 00 25,000 00 

Tremont National Bank note .... 60,000 00 60,000 00 

Rutland Railroad bonds . . . . 11,000 00 6,000 00 

Individual notes indorsed . 22,300 67 17,411 67 

Union Pacific Railroad sinking-fund bonds . 11,000 00 10,000 00 



$244,300 67 $233,411 67 

Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule . . $569,520 00 

Loans on collateral security, as per schedule . 233,411 67 
Cash deposited in Columbian National Bank . 30,676 78 
Interest due and accrued . .... 1,245 00 

Notes taken for marine and inland risks . . 286,986 70 

Gross Assets ..','. . . . . $1,121,840 15 

Liabilities. 

Losses claimed and reported .... $70,000 00 

Unearned premiums on outstanding risks . 174,558 52 

Interest due or accrued on scrip . . . 142 80 

Due and accrued for rent, etc. . . 625 00 

Commissions and brokerage .... 500 00 

Gross Liabilities, except Scrip . . . 245,826 32 

Surplus as regards policy-holders $876,013 83 

Scrip outstanding, not ordered to be redeemed . . 702,500 00 



Surplus over Scrip . . . .... $173,513 83 

Income. 

Cash received for marine and inland prems. . $312,375 66 
Deduct re-insurance and return premiums . 22,083 41 

Net cash rec'd for marine and inland prems. . $290,292.25 

Unpaid premium notes rec'd during the year . $302,486 70 

Interest and dividends received from all sources . . . 37,230 15 

Income from re-insurance scrip . . .... 2,190 00 



Gross Cash Income $329,712 40 



Expenditures. 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for redemption of, scrip . 

Interest paid scripholders 

Cash paid for commissions and brokerage 



$237,212 17 
37,124 84 



$200,087 33 

211,240 00 

47,365 20 

7,039 87 



1879.] 



FIRE-MARINE INS. COS. 



87 



Cash paid for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



18,494,412 00 
17,395,969 00 

125,890,381 00 
17,707,289 00 

18,183,092 00 
.. 148,360 00 



$19,620 00 

3,656 59 

12,083 32 

$501,092 31 



Premiums. 

$198,292 28 
368,324 38 

$566,616 66 
389,178 64 

$177,438 02 
2,879 50 



18,034,732 00 $174,558 52 



Miscellaneous.' 
Marine and inland losses incurred during the year 



. $240,087 33 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 22, 1867.] 



Whole amount of Guarantee Fund 

Paid up in subscription notes .... 

Outstanding scrip not ordered to be redeemed 



|115,000 00 
115,000 00 
143,887 00 



John H. Dane, President. Secretary, William L. Caverly. 

Office, No. 49 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value. 

Framingham and Lowell Railroad bonds . $10,000 00 $8,750 00 

Old Colony Railroad bonds .... 10,00000 11,70000 

Boston and Albany Railroad bonds . . 2,000 00 2,440 00 

Boston and Maine Railroad bonds . . . 5,000 00 6,000 00 

Fitchburg Railroad bonds .... 23,000 00 26,430 00 

Boston and Lowell Railroad bonds.. . . 5,000 00 5,300 00 

New York and New England Railroad bonds . 5,000 00 5,500 00 

Nashua and Rochester Railroad bonds . . 18,000 00 15,660 00 

New England Mortgage Security Co.'s bonds. 6,000 00 6,360 00 

Highland Street Railway bonds . . . 2,000 00 2,160 00 

Metropolitan Railroad bonds .... 7,00000 7,43500 

Cleveland city bonds 2,000 00 2,160 00 

100 shares Boston and Maine Railroad . . 10,000 00 11,900 00 

150 " Old Colony Railroad . . . 15,000 00 16,050 00 



88 MASS.' MUTUAL MARINE AND [Dec. 31, 



75 shares Coston and Providence Railroad 

GO " National Webster Bank . 

15 " Hamilton National Bank 

United States bonds . 

China Mutual Insurance Co. scrip . 

Delaware Mutual Safety Insurance Co. scrip 



$7,500 00 $9,525 00 

6,000 00 6,300 00 

1,500 00 1,740 00 

5,000 00 5,150 00 

4,120 00 3,914 00 

95 00 86 00 



$144,215 00 $154,560 00 



Summary of Assets Dec. 31, 1879. 

Stocks, bonds, etc., as per schedule . . $154,560 00 

Cash in the office of the company . . . 9,762 81 

Cash deposited in the Market National Bank . 10,658 57 

Interest due and accrued .... 1,681 66 

Notes taken for marine risks . . . " . 84,217 10 
Subscription notes on time not exceeding 12 

months, not yet due ..... 115,000 00 

Gross Assets . . ' . . . . $375,880 14 

Liabilities. 

Losses claimed and reported .... $30,000 00 

Unearned premiums on outstanding risks . 73,525 88 

Interest due or accrued on scrip . . . 82 38 

Due and accrued for rent, salaries, etc. . . 625 00 
Gross Liabilities, except Guarantee Fund 

and Scrip ...... ■ 104,233 26 



Surplus as regards policy-holders . . .... $271,646 88 

Guarantee Fund . $115,000 00 

Scrip outstanding, not ordered to be redeemed, 143,887 00 



258,8S7 00 



Surplus over Guarantee Fund and Scrip .... $12,759 88 

Income. 

Cash received for marine and inland prems. . $101,182 77 
Deduct re-insurance and return premiums . 3,091 13 

Net cash rec'd for marine and inland prems. . — — $98,091 64 

Unpaid premium notes rec'd during the year . $67,467 45 

Interest and dividends received from all sources . . . 7,629 71 



Gross Cash Income ........ $105,721 35 

Expenditures. 

Cash paid for marine and inland losses . . $67,464 00 
Deduct salvage and re-insurance . . . 448 50 
Net cash paid for marine and inland losses . — $07,015 50 



1879.] 



FIRE-MARINE INS. COS. 



89 



Interest paid scripholders . . . 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures ... 

ErsKS and Premiums. 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ...... 

Deduct risks- expired and terminated 

In force at end of year 



$1,907,414 
. 2,659,489 



$7,475 94 
3,062 72 

10,500 00 

904 46 

5,336 41 



4,295 03 



Premiums. 

00 $84,380 57 
00 90,187 33 



$4,566,903 
. 2,791,405 



00 $174,567 90 
00 101,042 02 



$1,775,498 00' $73,525 88 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Marine and inland losses incurred during the year 



$1,515,814 43 

. 1,117,348 48 
72,448 50 



NEW ENGLAND MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 23, 1872. Commenced business June 1, 1872.] 

"Whole amount of Preferred Permanent Fund $350,000 00 

Paid up in cash . 208,000 00 

Paid up in subscription notes . 142,000 00 

George C. Lord, President. Secretary, Alfred Presson. 

Office, No. 62 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



46 shares Traders' National Bank, Boston 

49 " Hide and Leather National Bank 

105 " Republic National Bank 

25 " Revere National Bank . 

10 " Atlantic National Bank . 

113 " Shawm ut National Bank 

30 " Eliot National Bank 

124 " Tremont National Bank 

70 " Continental National Bank 

250 " Boston and Maine Railroad 

130 " Ogdensb'g and L. Ch. U.K. pref. 

100 " Phila., Wil , and Baltimore R.R 



Par value. 

$1,600 00 
4,900 00 

10,500 00 
2,500 00 
1,000 00 

11,300 00 
: 5,000 00 

12,400 00 
7,000 00 

25,000 00 

13,000 00 
5,000 00 



Market value. 

$4,738 00 
5,4S8 00 

12,810 00 
2,875 00 
1,400 00 

12,430 00 
3,240 00 

1 1.756 00 
7,350 00 

29,750 00 
8,710 00 
o,7oo 00 



12 



90 



MASS. 'MUTUAL MARINE AND [Dec. 31, 



Boylston Mutual Insurance Company scrip 

Boston and Maine Railroad bonds . 

114 shares Relief Steamboat Co. . $114 00 



Securities held as collateral for cash loans ; 

New Mexico and South Pacific R.R. bonds 
Pueblo and Arkansas Valley R.R. bonds 



$30 00 
25,000 00 



$24 00 
29,750 00 



1125,230 00 $140,021 00 



Market value. Loaned thereon. 

$5,200 00 $4,500 00 
12,840 00 8,000 00 



$18,040 00 $12,500 00 



Summary of Assets Dec. 31, 1879. 

$31,500 00 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule . 
Cash in the office of the company . 
Cash deposited in Second National Bank 
Interest due and accrued . 

Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Ledger accounts . 

Subscription notes on time not exceeding 12 
months, not yet due . 
Gross Assets . 



1,371 52 

140,021 00 

12,500 00 

169 87 

16,805 44 

1,238 94 

8,617 09 

89,367 34 

99 40 

142,000 00 



$443,690 60 



Liabilities. 

Losses adjusted, unpaid . 
Losses disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Due and accrued for rent 

Gross Liabilities, except Preferred Per 
manent Fund 

Surplus as regards policy-holders . 
Preferred Permanent Fund 



Impairment of Preferred Permanent Fund 



$33,215 00 
6,900 00 



$10,115 00 
5,000 00 

$35,115 00 

75,611 79 

1,125 00 



- 111,851 79 

. $331,838 SI 
. 350,000 00 



$18,161 19 



* Value of lands mortgaged $49,250 00 

Value of buildings thereon ....... 45,750 00 

Amount of insurance held as collateral 33,500 00 



1879.] 



FIRE-MARINE INS. COS. 



91 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for lire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Gross Cash Income .... 



$10,251 75 
830 85 

$108,693 53 
12,806 29 



)2,704 13 



sources . 



i,I20 90 



95,887 24 

4,390 00 
5,634 44 

$115,332 58 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$10,023 38 
4 00 

$106,965 94 
3,796 13 



$10,019 38 



- 103,169 81 

4,241 83 

10,125 00 

1,152 22 

9,313 31 

. $138,021 55 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,321,306 00 
. 1,540,753 00 



$2,862,059 00 
. 1,451,479 00 



11,410,580 00 
31,250 00 



Premiums.- 

$14,381 09 
9,495 70 

$23,876 79 
9,548 96 

$14,327 83 
170 30 



$1,379,330 00 $14,157 53 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$2,133,092 00 
. 2,919,658 00 



$5,082,750 00 
. 3,376,822 00 



$1,705,928 00 
0,500 00 



$83,788 09 
97,157 18 

$180,945 27 
112,161 78 

#68,783 1!) 
428 75 



$1,699,128 00 $68,354 71 



92 



MASS. MUTUAL MARINE AND [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year . '.'... 
Marine and inland losses incurred during the year 
Company's, stock owned by directors . . . . 



$1,839,746 17 

1,630,797 20 

144,110 00 

16,839 39 

120,505 94 

77,800 00 



1879.] 



FIRE-MARINE INS. COS. 



93 



AGGREGATE. 



Whole amount of Guarantee Fund 


$1,122,200 00 


in cash ....... 


765,200 00 


in subscription notes .... 


357,000 00 


of outstanding scrip not cancelled . 


1,015,191 00 


Assets. 




Gross present Assets ....... 


$3,120,188 00 


Liabilities. 




Gross present Liabilities . . . . . . 


$696,000 00 


Income. 




Cash received during the year for fire premiums . 


$95,977 00 


during the year for marine premiums 


610,745 00 


for interest and dividends . . . 


100,840 00 


from all other sources . . . 


3,306 00 


Gross Cash Income ...... 


$840,868 00 


Expenditures. 




Cash paid during the year for fire losses 


$78,506 00 


during the year for marine losses . 


475,926 00 


for brokerage and commissions on premiums, 


31,666 00 


for salaries of officers and employes 


64,258 00 


for interest and dividends to subscribers and 




members ....... 


44,502 00 


for state and local taxes .... 


12,768 00 


for redemption of scrip ..... 


211,240 00 


for interest p'd to scripholders during the year, 


59,517 00 


for incidental expenses ..... 


41,542 00 


Gross Cash Expenditures ..... 


$1,019,925 00 


General Items. 




Fire risks written during the year . 


$14,846,168 00 


Premiums charged or receivable thereon 






110,523 00 


Marine risks written during the year 






38,595,424 00 


Premiums charged or receivable thereon 






724,665 oo 


Fire risks terminated during the year . 






14,155,426 oo 


Marine risks terminated during the year 






34,869,275 oo 


Fire risks outstanding at end of year 






17,287,151 no 


Marine risks outstanding al, cud of year 






23,427,878 oo 


Fire losses incurred during the year 






83,100 oo 


Marine losses incurred during the year . 






534,543 no 


Scrip divideuds declared during the year 






1 ll,Sl!) 00 



MASSACHUSETTS 

JOINT-STOCK FIRE, MARINE, AND FIRE-IARINE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1879. 



96 



MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ALLIANCE INSURANCE COMPANY, BOSTON. 

[Incorporated May 27, 1875. Commenced business July 1, 1875.] 

Paid-up Capital, $200,000. 
George II . Long, President. Secretary, Charles R. Howard. 

Office, No. 93 Milk Street. 



Detailed Statement of Stocks, 



Lawrence city bonds, 6s . 
Newton city bonds, 6s 
Cambridge city bonds, 6s 
Charlestown city bonds, 6s 
Boston and Albany Railroad bonds, 6s 
Toledo city bonds, 6s 
Watertown town bonds, 5s 
Otis town bonds, 5s 
Continental National Bank stock 
Howard National Bank stock . 
Revere National Bank stock . 
Blackstone National Bank stock 
Merchandise National Bank stock 
National Webster Bank stock 
National Bank of Commerce stock 
National Bank of North America stock 



Securities held as collateral for cash loans: — 



Eastern Railroad bonds . 

Highland Horse Railway bonds 

Cincinnati city bonds 

Middlesex Horse Railway bonds 

31 shares North National Bank 

New York and New England R.R. bonds, 7s 

5 shares Boston Belting Company . 



Bonds, Etc. 

Par value. 

$5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
7,000 00 

20,000 00 
5,000 00 
5,700 00 
2,700 00 
5,000 00 
2,400 00 
2,400 00 
2,900 00 



Mai-ket value. 

$5,650 00 
5,775 00 
5,887 50 
5,787 50 
5,650 00 
5,150 00 

10,500 00 
7,350 00 

21,000 00 
5,650 00 
6,583 00 
2,909 00 
5,000 00 
2,520 00 
2,880 00 
3,103 00 



$93,100 00 $101,395 00 



Market value. Loaned thereon 

$12,300 00 
5,350 00 
5,675 00 ) 
6,550 00 
4,284 00 
2,200 00 1 
785 00 j 



$18,000 00 

5,817 00 
3,200 00 

2,500 00 



$37,144 00 $29,517 00 



1879.] 



AND FIRE-MARINE INS. COS. 



97 



Summary of Assets Dec. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in bank .... 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 



31, 1879. 

$88,798 89 

13,400 00 

212 00 

101,395 00 

29,517 00 

11,246 67 

8,853 28 

1,917 37 

16,457 85 

885 17 



$272,683 23 



Liabilities. 

Losses adjusted, unpaid . . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



Impairment of Capital 



$2,600 00 
7,500 00 
3,550 00 

67,122 99 
1,718 67 



82,491 66 

^190,191 57 
200,000 00 

$9,808 43 



Income. 

Cash received for fire premiums . . . $191,905 96 
Deduct re-insurance and return premiums . 28,189 58 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$163,716 38 

670 00 

5,379 72 

1,724 18 

$171,490 28 



Expenditures 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$154,930 28 
1,250 00 



$153,680 28 

34,147 00 

10,835 00 

3,670 18 

1 t,928 59 

$217,201 05 



* Total value of property mortgaged . 
Amount of insurance held as collateral 
13 



$23,000 00 
19,000 00 



98 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Eisks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . !' - . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$13,912,236 00 $197,102 03 
13,484,660 00 191,905 96 



$27,396,896 00 $389,007 99 
15,618,853 00 245,666 28 



$11,778,043 00 $143,341 71 
172,504 00 2,540 26 



$11,605,539 00 $140,801 45 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year .... 
Company's stock owned by directors .- . . . 



$791,114 91 

400,728 49 

16,000 00 

147,117 99 

103,200 00 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June, 1818.] 

Paid-up Capital, $300,000. 

Francis Peabody, President. Secretary, J. W. Field. 

Office, No. 54 State Street. . 



Detailed Statement of Stocks, Bonds, Etc. 



444 shares Old Boston National Bank 
200 " Columbian National Bank 

45 " National Eagle Bank 
170 " Globe National Bank 
142 " Hamilton National Bank 

62 " New England National Bank 
100 " Suffolk National Bank . 
152 '* State National Bank 
280 " National Union Bank . 
406 " Boston and Albany Railroad 

11 '*■ Boston and Lowell Railroad 

8 " Merrimack Manufacturing Co 
United States bonds, 1881, 5s 
Boston and Albany Railroad bonds, 7s 
57 shares Relief Steamboat Co. . $2,200 00 



Par value. 

$22,200*00 
20,000 00 

4,500 00 
17,000 00 
14,200 00 

6,200 00 
10,000 00 
15,200 00 
28,000 00 
40,600 00 

5,500 00 

8,000 00 
80,000 00 
35,000 00 



Market value. 

$29,193 00 
28,850 00 

5,040 00 
17,425 00 
16,472 00 

8,711 00 
11,425 00 
17,746 00 
41,370 00 
56,028 00 

4,620 00 
12,000 00 
82,600 00 
42,787 50 



$306,400 00 $374,267 50 



1879.] 



AND FIRE-MARTNE INS. COS. 



99 



Summary of Assets Dec 

Cash value of unencumbered real estate 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in Old Boston National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Premiums more than 3 months due, $837 33 
Gross Assets 



31, 1879. 

$64,000 00 

374,267 50 

531 73 

43,716 20 

1,130 83 

3,921 02 

35,069 57 

175 00 



$522,811 85 



Liabilities. 

Losses claimed and reported . . . 
Losses disputed or resisted . . . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Re-insurance due . . 

Gross Liabilities, except Capital 



Surplus as regards policy-holders 
Paid-up Capital 



Surplus over Capital 



$3,900 00 

7,500 00 

71,144 02 

90 00 

681 30 

425 86 

367 50 



84,108 68 



$438,703 17 
300,000 00 

$138,703 17 



Income. 

Cash received for fire premiums . 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland prems. . 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. . 
Unpaid premium notes rec'd during the year . 
Interest and dividends received from all sources 
Income from rents 



$28,655 35 
3,428 34 

$61,059 06 
5,709 24 



$29,561 44 



$5,227 01 



55,349 82 

18,544 55 

1,056 25 

Gross Cash Income $100,177 63 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid* for marine and inland losses 



$31,931 13 

3,653 77 

$33,208 56 
6,567 50 



$28,277 36 



26,641 06 



100 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash dividends paid . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest and incidentals . 

Gross Cash Expenditures . . . . 



$29,910 00 

4,008 01 

14,495 18 

3,455 82 

4,813 90 

1111,601 33 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$7,603,031 00 

. 5,257,847 00 



112,860,878 00 
. 5,855,432 00 



$7,005,446 00 
. 326,300 00 



Premiums. 

$06,171 07 
28,32.5 88 

$94,496 95 
34,191 84 

$60,305 11 
3,061 88 



$6,679,146 00 $57,243 23 



$2,925,455 00 

. 4,587,851 00 

$7,513,306 00 

. 3,867,389 00 



$38,834 00 
51,187 12 



$3,645,917 00 
21,500 00 



,021 12 
44,747 23 

$45,273 89 
1,750 00 



$3,624,417 00 $43,523 89 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . ... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



57,414,000 00 
5,537,000 00 
2,505,000 00 
30,000 00 
27,994 86 
24,937 87 
12,900 00 



1879.] 



AND FIRE-MARINE INS. COS. 



101 



BEVERLY INSURANCE COMPANY, BEVERLY. 

[Incorporated 1852. Commenced business January, 1853.] 

Paid-up Capital, $50,000. 

Frederick W. Choate, President. Secretary, Samuel S. Foster. 



Detailed Statement of Stocks. 



126 shares Beverly National Bank 
SO ' 
67 
50- 

5 

17 
30 
20 
20 

5 

2 

1 



Naumkeag National Bank, Salem 
Merchants' National Bank, Salem 
Mercantile National Bank, Salem 
First National Bank, Salem . 
Grand National Bank, Marblehead 
Revere National Bank, Boston 
Traders' National Bank, Boston 
Hide and Leather Nat'l B'k, Boston 
Eagle National Bank, Boston 
Merchandise Nat'l Bank, Boston 
Great Falls and Conway Railroad 



Bonds, Etc 

Par value. 

$12,600 00 

8,000 00 

3,250 00 

5,000 00 

500 00 

1,700 00 

3,000 00 

2,000 00 

2,000 00 

500 00 

200 00 

100 00 



Market value. 

$14,616 00 

11,680 00 

4,020 00 

6,000 00 

,580 00 

2,040 00 

3,510 00 

■ 2,100 00 

2,280 00 

560 00 

280 00 

10 00 



$38,850 00 $47,676 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens*), 
Interest due and accrued thereon 
Stocks, as per schedule .... 
Cash in the office of the company . 
Notes taken for marine and inland risks . 
Re-insurance due ..... 
Gross Assets ..... 

Liabilities. 

Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



Impairment of Capital 



$200 00 

23 21 

47,676 00 

178 21 

603 00 

240 00 



$071 30 



,020 42 



671 30 



$48,249 12 
50,000 00 

$1,750 88 



Income. 



Cash received for marine and inland premiums, 
Deduct re-insurance and return premiums 
Net cash received for marine and inland prems. 
Interest and dividends received from all sources 



$1,144 80 
03 25 



| 1,081 55 
4,439 53 



Gross Cash Income $5,52108 



* Total value of property mortgaged 



$I.0(K) O'J 



102 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 

Cash paid for marine and inland losses . 

Cash dividends paid . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . . . 







$1,400 00 






1,750 


00 






33 


00 






230 


00 






575 10 






1,289 


39 


$5,277 49 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



$6,100 00 
13,200 00 



$19,300 00 
12,800 00 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company . . . 
Cash dividends declared from organization of company 
Dividends declared during the year (3^ per cent) . 
Marine and inland losses incurred during the year . 



Premiums. 

$681 50 
1,080 30 

51,761 80 
1,090 50 



$6,500 00 $671 30 



$288,808 27 

289,109 14 

55,750 00 

1,750 00 

1,200 00 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $500,000. 

R. B. Fuller, President. Secretary, Thomas H. Lord. 

Office, No. 17 Slate Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Boston city bonds .... 

Cambridge city bonds 

Bangor city bonds .... 

Boston and Albany Railroad bonds 

Atchison, Topeka, and Santa Fe R.R. bonds 

Merchandise National Bank stock . 



Tar value. Market value. 

$200,000 00 $209,750 00 
75,000 00 86,625 00 



27,000 00 
10,000 00 
20,000 00 
5,000 00 
10,000 00 



28,890 00 
10,500 00 
24,400 00 
5,425 00 
10,000 00 



$347,000 00 $375,590 00 



1879.] 



AND FIRE-MARINE INS. COS. 



103 



Securities held as collateral for cash loans: 

Atchison, Topeka, and Santa Fe R.R. stock 

Atchison, Topeka, and Santa Fe R.R. bonds 

Merchants' National Bank stock (St. Louis) 

Clinton Mills stock . 

Cambridge city bonds . 

United States bonds .... 



Market val ue. 

$11,474 00 
39,060 00 
2,000 00 
4,000 00 
2,140 00 
1,053 75 



Loaned thereon. 

$28,730 00 
9,750 30 
2,000 00 
1,890 00 
1,500 00 
1,000 00 



,727 75 $44,870 30 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), $80,012 30 



Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Gross Assets ..... 



375,590 00 
44,870 30 
256,575 93 
6,643 64 
102,910 48 
344,824 51 



-$1,211,427 16 



Liabilities. 

Losses unpaid . . . 

Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$106,362 94 
404,016 53 



- 510,379 47 

. $701,047 69 
. 500,000 00 



. $201,047 69 



Income. 

Cash received for marine and inland prems. . $758,796 47 
Deduct re-insurance and return premiums . 129,078 33 

Net cash rec'd for marine and inland prems. . 

Interest and dividends received from all sources . 

Gross Cash Income . 



$629,718 14 
30,042 36 

$659,760 50 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 



92,895 73 
71,421 48 



$421,474 25 
50,000 00 
32,529 85 
31,602 95 



* Total value of property mortgaged 
Amount of Insurance held aH collateral 



$166,500 00 
78,800 00 



104 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash paid for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



. $10,043 65 
59,017 88 

. 1604,668 58 



Risks and Premiums. 



Marine risks outstanding Dec. 81, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$6,338,136 00 
44,735,519 00 



Premiums. 

$345,395 69 

820,115 66 

11,165,511 35 

750,759 51 

$414,751 84 

10,735 31 

$7,368,144 00 $404,016 53 



$51,073,655 00 
43,083,201 00 



$7,990,454 00 
622,310 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



14,463,406 24 

2,353,639 59 

205,000 00 

50,000 00 

490,020 00 

63,700 00 



COMMONWEALTH INSURANCE COMPANY, BOSTON. 

[Incorporated May 6, 1875. Commenced business May 6, 1875.] 

Paid-up Capital, $500,000. 

John Hitchcock, President. Secretary, Samuel Appleton. 

Office, No. 30 Congress Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $115,000 00 $121,950 00 

Fitchburg Railroad bonds . . .... . 25,000 00 28,000 00 

Cape Cod Railroad bonds . . . . 30,000 00 31,500 00 

Vermont and Massachusetts Railroad bonds . 12,100 00 12,826 00 

67 shares Vermont and Massachusetts R.R. . 6,700 00 7,839 00 

108 " Atlas National Bank . . . 10,800 00 12,798 00 

10 " Atlantic National Bank . . . 1,000 00 1,402 50 
27 " Columbian National Bank . . 2,700 00 3,894 75 
38 " Eliot National Bank . . . 3,800 00 4,113 50 

11 » Everett National Bank . . . 1,100 00 1,20175 
11 " Freeman's National Bank . . 1,100 00 1,254 00 

4 " Globe National Bank ... 400 00 414 00 

45 " Hamilton National Bank . . 4,500 00 5,220 00 
42 " Howard National Bank . . . 4,200 00 4,798 50 



1879.] 



AND FIRE-MARINE INS. COS. 



105 



50 shar 


30 


u 


100 


u 


5 


u 


62 


u 


80 


u 


42 


u 


7 


t ( 


41 


u 


100 


u 


20 


u 


4 


ti 


34 


u 


70 


t 4 


7 


41 


25 


I I 


54 


u 


45 


u 



es Manufacturers' National Bank 
Market National Bank . 
Merchandise National Bank . 
Massachusetts National Bank 
Mount Vernon National Bank 
National Revere Bank . 
National Hide and Leather Bank 
National Bank of North America 
National Bank of the Republic 
National Webster Bank . 
National City Bank 
North National Bank 
New England National Bank . 
State National Bank 
Shawmut National Bank 
Shoe and Leather National Bank 
Traders' National Bank . 
Tremont National Bank. 



$5,000 00 

3,000 00 

10,000 00 

1,250 00 

6,200 00 

8,000 00 

4,200 00 

700 00 

4,100 00 

10,000 00 

2,000 00 

400 00 

3,400 00 

7,000 00 

700 00 

2,500 00 

5,400 00 

4,500 00 



$4,950 00 
3,120 00 
9,925 00 
1,440 62 
6,200 00 
9,220 00 
4,672 50 

742 00 

5,002 00 

10,600 00 

2,345 00 

492 00 
4,777 00 
8,190 00 

773 50 
2,831 25 
5,562 00 
5,388 75 



$296,750 00 $323,443 62 



Securities held as collateral for cash loans: — 



78 shares Hill Manufacturing Company 
271 " Washington Mills Company . 

3 " Hamilton Woolen Company . 

1 " Otis Manufacturing Company 

7 " Atlas National Bank 
100 " Atlantic Cotton Mills . 
400 »' National Tube Works Company 
Boston city bonds ..... 
Eastern Railroad bonds .... 
50 shares Manufacturers' National Bank 
Cambridge city bonds .... 
Union Pacific Railroad bonds . 
12 shares Merchandise National Bank 
United States bonds .... 
Maine Central Railroad bonds 



Market value. 

$7,820 00 

26,287 00 

3,300 00 

1,200 00 

829 50 

13,700 00 

70,000 00 

4,640 00 

1,680 00 

4,950 00 

1,155 00 

1,087 50 

1,191 00 

1,042 50 

1,070 00 



Loaned thereon. 



}■ $40,500 00 

40,000 00 
5,000 00 

3,500 00 
2,000 00 

1,000 00 
1,000 00 
1,000 00 

$139^952 50 $94,000 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $223,950 00 
Interest due or accrued thereon . . . 4,500 79 

Stocks and bonds, as per schedule . . . 323,443 62 



* Value of lands mortgaged . 
Value of buildings thereon 

Amount of inaurance held aH collateral 
14 



sin:;. noil 00 
297,300 00 
l.VJ,i'). r )0 00 



106 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Loans on collateral security, as per schedule . $94,000 00 

Cash in the office of the company . . . 8,002 21 

Cash deposited in Merchandise National Bank, 17,158 97 

Interest due and accrued .... 2,283 00 

Premiums in course of collection (gross) . 28,260 43 
Premiums more than 3 months due, $480 00 

Gross Assets ■ — — 



$701,509 02 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$6,725 00 

26,735 00 

1,000 00 

$34,460 00 
2,500 00 

$31,960 00 

135,552 74 

3,087 79 



Surplus over Capital 



- 170,600 53 

. $530,998 49 

. 500,000 00 

. $30,998 49 



Income. 

Cash received for fire premiums . . . $214,404 62 
Deduct re-insurance and return premiums . 27,473 47 

Net cash received for fire premiums . . $186,931 15 

Interest received on bonds and mortgages .... 21,007 03 
Interest and dividends received from all other sources . . 9,124 59 

Gross Cash Income $217,062 77 



Expenditures. 

Cash paid for fife losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 

for state and local taxes . 

for rent ...... 

for incidental expenses . 



$125,612 22 
170 00 



$125,442 22 

33,199 27 

18,800 00 

8,940 20 

4,000 00 

15,955 63 



Gross Cash Expenditures 



$206,337 32 



1879.] 



AND FIRE-MARINE INS. COS. 



107 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force ab end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$22,800,382 00 $246,785 73 
23,410,168 00 232,298 41 



$46,219,550 00 $479,084 14 
21,779,925 00 208,097 04 



$24,439,625 00 $270,987 10 
566,516 00 6,256 89 



$23,873,109 00 $264,730 21 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year . 
Company's stock owned by directors . . " . 



$920,923 56 
346,011 80 

55,000 00 
147,434 16 

84,300 00 



DWELLING-HOUSE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 30, 1872. Commenced business Jan. 9, 1873.] 

Paid-up Capital, 300,000. 

Arthur Wm. Hobart, President. Secretary, Henry F. Perkins. 

Office, No. 29 Slate Street. 



Detailed Statement of Stocks, Bonds, Etc. 



100 shares Second National Bank . 

100 " Merchants' National Bank 

100 " Eliot National Bank 

100 " Republic National Bank 

100 " State National Bank 

100 " Suffolk National Bank . 

100 " Atlas National Bank '. 
69 " Hide and Leather National Bank 
62 " Howard National Bank . 
50 " New England National Bank 
50 " City National Bank 
44 " Union National Bank . 
30 " Eagle National Bank . 
7 " Tremont National Bank 

Boston and Albany Railroad bonds 

Boston and Providence Railroad bonds . 

Old Colony Railroad bonds 



Par value. 

$10,000 00 

10.000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

6,900 00 

6,200 00 

5,000 00 

5,000 00 

1,100 00 

3,000 00 

700 00 

10,000 00 

10,000 00 

20,000 00 



Market value. 

$14,500 00 

14,000 00 

10,800 00 

12,200 00 

11,700 00 

11,500 00 

12,000 00 

7,728 00 

7,068 00 

7,050 00 

5,850 00 

6,218 00 

3,360 oo 

sio oo 

12,200 00 

12,200 00 

22,000 00 



108 MASS. JOINT-ST6CK FIRE, MARINE, [Dec. 31, 



Boston and Maine Railroad bonds . 
Boston and Fitchburg Railroad bonds 
Boston and Lowell Railroad bonds . 
Eastern Railroad bonds .... 
Vermont and Massachusetts Railroad bonds 
50 shares Vermont and Massachusetts R.R. 
Revere town bonds ..... 



$10,000 00 
8,000 00 

10.000 00 
5,000 00 
5,000 00 
5,000 00 

12,000 00 



$12,000 00 
9,700 00 

10,800 00 
4,150 00 
5,900 00 
5,850 00 

13,440 00 



$196,200 00 $233,684 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule 
Cash in the office of the company 
Cash deposited in banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets .... 



ni6,450 00 

6,394 25 

233,684 00 

3,080 79 

12,212 74 

1,209 95 

376 20 



$373,407 93 



Liabilities. 

Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders unpaid . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . 



Surplus over Capital 



$58,566 84 

171 00 

1,680 00 



60,417 81 

$312,990 09 
300,000 00 

$12,990 09 



Income. 

Cash received for fire premiums . . . $22,286 12 
Deduct re-insurance and return premiums . 1,658 24 

Net cash received for fire premiums . . $20,627 88 

Interest received on bonds and mortgages .... 7,246 08 

Interest and dividends received from all other sources . . 11,470 01 

Income from commissions . . ..... 263 08 

Gross Cash Income ........ $39,607 05 



Expenditures. 

Cash paid for fire losses $5,715 42 

Cash dividends paid 22,320 00 

Cash paid for commissions and brokerage . . . . 2,722 20 

* Value of lands mortgaged $126,700 00 

Value of buildings thereon . . . . . . . 137,000 00 

Amount of insurance held as collateral 117,050 00 



1879.] 



AND FIRE-MARINE INS. COS. 



109 



Cash paid for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$7,950 00 
5,587 02 
4,154 38 

$48,449 02 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$12,832,393 00 $110,594 55 
. 3,259,705 00 22,046 47 



Total . . . . 
Deduct risks expired and terminated 

Tn force at end of year . . . 
Deduct amount re-insured 

Net amount in force 



$16,092,098 00 $132,641 02 
. 2,962,445 00 26,187 63 



$13,129,653 00 $106,453 39 
27,850 00 209 64 



$13,101,803 00 $106,243 75 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$234,811 01 

39,573 41 

123,000 00 

24,000 00 

5,075 42 

50,000 00 



ELIOT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 4, 1873.] 

Paid-up Capital, $200,000. 

George A. Curtis, President. Secretary, Greenleaf C. George. 

Office, No. 63 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Worcester and Nashua Railroad bonds . . $15,000 00 $14,700 00 

Fitchburg Railroad bonds .... 25,00000 25,87500 

Salem city bonds 4,000 00 4,010 00 

Cambridge city bonds 11,000 00 11,110 00 

Northampton town bonds .... 20,000 00 22, loo 00 

L ynn city bonds 4,000 00 4,040 00 

Boston city bonds 25,000 00 28,025 00 

United States bonds 100,000 00 106,843 75 

Massachusetts state bonds . ' . . . 15,000 00 10,200 00 

Boston Gas-Light Company bonds . . . 10,000 00 10,050 00 



110 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



150 shares Fitchburg Railroad 

25 " Norwich and Worcester Railroad 

50 " Old Colony Railroad 

50 " Vermont and Massachusetts R.R. 
100 " Shawmut National Bank 

87 " National Revere Bank . 



:5,000 00 $18,300 00 



2,500 00 
5,000 00 
5,000 00 
10,000 00 
3,700 00 



3,200 00 
5,350 00 
5,850 00 
11,200 00 
4,292 00 



$270,200 00 $290,975 75 



Securities held as collateral for cash loans: — 
20 shares Equitable Trust Company 



Market value. Loaned thereon. 

$2,000 00 $1,500 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks and bonds, as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in National City Bank . 

Interest due and accrued 

Premiums in course of collection (gross) 

Notes taken for fire risks 

Gross Assets 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent 
State and local taxes ..... 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 



$82,700 00 

2,411 59 

290,975 75 

1,500 00 

4,183 88 

11,983 70 

3,563 92 

13,403 39 

500 00 



.$12,225 00 

56,309 65 

875 00 

200 00 

2,010 00 



$411,222 23 



- 71,619 65 

. $339,602 58 
. 200,000 00 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income 



. $139,602 58 



,053 63 
10,346 47 



,707 16 
4,740 75 
14,036 55 

$97,484 46 



* Value of lands mortgaged $66,700 00 

Value of buildings thereon 63,100 00 

Amount of insurance held as collateral 75,500 00 



1879.] 



AND FIRE-MARINE INS. COS. 



Ill 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$34,114 44 
1,171 09 



2.943 35 
20,000 00 
14,627 28 
11,406 00 

4,260 01 

4.944 32 

$88,180 96 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$8,091,608 00 
. 9,917,952 00 



Premiums. 

,910 20 
94,864 92 



$18,009,560 00 $194,775 12 
. 8,561,194 00 82,954 55 



1,448,366 00 $111,820 57 
295,856 00 3,281 05 



1,152,510 00 $108,539 52 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 

Company's stock owned by directors .... 



$672,937 81 

231,731 00 

110,000 00 

20,000 00 

43,572 35 

26,000 00 



EQUITABLE MARINE INSURANCE COMPANY, PROVINCE- 
TOWN.* 

[Incorporated Feb. 10, 1845. Commenced business Feb. 20, 1845.] 

Paid-up Capital, $17,000. 

Charles A. Cook, President. Secretary, Enos N. Youno. 

Office, No. 186 Commercial Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value Market value. 

120 shares Freeman's National Bank . . $12,000 00 |13,620 00 

58 » First National Bank . . . 5,800 00 7,888 00 



$17,800 00 $21,508 00 



* Closing up. 



112 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Summary of Assets Dec. 31, 1879. 



Stocks, as per schedule .... 
Cash in the office of the company . 
Cash deposited in First National Bank . 
Premiums in course of collection (gross) 
Return tax due 
Premiums more than 3 months due, $4,134 72 
Gross Assets ...... 



$21,508 00 
157 03 
435 57 
335 00 
273 15 



^22,708 75 



• Liabilities. 

Losses disputed or resisted 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Due for borrowed money 
Re-insurance due ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . ^ 
Paid-up Capital ...... 



Impairment of Capital 



$2,500 00 
280 00 

' 655 00 
4,225 00 
1,150 00 



8,810 00 

$13,898 75 
17,000 00 

$3,101 25 



Income. 

Cash received for marine and inland premiums 
Interest and dividends received from all sources 



Gross Cash Income 



59,127 12 

1,000 75 

,127 87 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes 
for re-insurance 

Gross Cash Expenditures 



),716 38 
529 98 



$9,186 40 

173 00 

1,218 97 

653 21 

1,752 41 

$12,983 99 



Risks and Premiums. 

Marine risks outstanding Dec. 31, 1878 . . $106,388 00 
Deduct risks expired and terminated . . 106,388 00 



Premiums. 

^8,530 92 
8,530 92 



1879.] 



AND FIRE-MARINE INS. COS. 



113 



FANEUIL HALL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1871. Commenced business March, 1872.] 

Paid-up Capital, $300,000. 

K. S. Chaffee, President. Secretary, H. D. Bradbury. 

Office, No. 60 Devonshire Street. 



Detailed Statement op Stocks, 



Howard National Bank, Boston 
Rockland National Bank, Boston ; 
Hamilton National Bank, Boston . 
Merchants' National Bank, Boston, 
Nat'l Bank of Redemption, Boston, 
First National Bank, Boston . 
Second National Bank, Boston 
Atlantic National Bank, Boston 
Faneuil Hall Nat'l Bank, Boston 
Eliot National Bank, Boston . 
National Exchange Bank, Boston 
People's National Bank, Boston 
Massachusetts Nat'l Bank, Boston 
Freeman's National Bank 
New England Nat'l Bank, Boston 
Commonwealth Nat'l B'k, Boston 
Northboro' Nat'l B'k, Northboro' 
Central National Bank, Lynn 
Wachusett Nat'l Bank, Fitchburg 
First National B'k, Newburyport 



United States bonds 
Toledo city bonds . 



Bonds, Etc 

Par value. 

$3,000 00 

10,000 00 
9,500 00 
5,000 00 

10,000 00 
6,000 00 
6,000 00 
2,500 00 
3,000 00 
2,700 00 
2,500 00 
3,000 00 
2,300 00 
2,500 00 
2,000 00 
3,100 00 
1,000 00 
1,000 00 
1,400 00 
2,500 00 
6,000 00 

17,000 00 
2,189 64 



Market value. 

$3,540 00 

11,400 00 

12,350 00 

5,800 00 

13,800 00 

8,100 00 

10,800 00 

3,625 00 

4,200 00 

3,402 00 

2,700 00 

4,230 00 

3,381 00 

2,875 00 

2,2S0 00 

4,340 00 

1,040 00 

1,150 00 

1,736 00 

4,000 00 

8,160 00 

19,072 50 

2,189 64 



Securities held as collateral for cash loans: — 

Lawrence city bond ..... 

Old Colony Railroad bond .... 
Boston, Hartford, and Erie Railroad bond 



$104,189 64 $134,171 14 

Market value. Loaned thereon. 

$5,550 00 > m 0Q() 0Q 
5,400 00 i 
5,000 00 3,000 00 



.5,950 00 $13,000 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
15 



$53,750 00 

82,840 00 

2,751 77 

134,171 14 

13,000 00 

5,792 28 



114 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash deposited in various banks . . . $11,884 43 

Interest due and accrued . . v . . 448 00 

Premiums in course of collection (gross) . 18,366 50 

Notes taken for fire, marine, and inland risks, 3,088 96 

Rents due and accrued . . . . . 366 00 

Re-insurance due ...... 106 50 

Prems. more than 3 months due, $14,998 71 

Gross Assets ...... 



$326,568 58 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Dividends to stockholders unpaid . 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Impairment of Capital 



,456 67 

3,512 50 

30,838 92 

764 25 

450 00 



54,022 34 

£272,546 24 
300,000 00 

$27,453 76 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 

Income from profit and loss . 

Gross Cash Income .... 



$220,355 36 
215,576 29 

$41,017 53 
17,153 78 



sources 



* $4,779 07 



23,863 75 
5,424 89 

11,913 12 

1,616 25 

106 59 



* $47,703 67 



Expenditures 
Cash paid for fire losses .... 
paid for marine and inland losses . 
dividends, paid .... 
paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$150,037 77 
11,262 94 
9,000 00 
4,076 14 
9,417 30 
7,081 77 
32,337 58 

$223,213 50 



* The actual net cash received for premiums in 1879 was $216,075.69, instead of $28,642.82 
as above given. The discrepancy between the actual amount and said exhibit results from 
the payment of $187,432.87, for re-insurance of company's outstanding fire risks in the Liver- 
pool and London and Globe Insurance Company, in June last. 



1879.] 



AND FIRE-MARINE INS. COS. 



115 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1879 . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$22,715,780 00 
16,954,539 00 

$39,670,319 00 
20,548,165 00 



,122,154 00 
14,835,422 00 



Premiums. 

$315,267 19 
220,355 36 

$535,622 55 
266,068 72 

$269,553 83 
212,814 50 



,286,732 00 $56,739 33 



58,255,368 00 
8,170,585 00 



$84,783 00 
36,117 00 



$41,017 53 
37,222 90 

$3,794 63 
1,903 07 



$48,666 00 $1,891 56 



Miscellaneous . 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (3 per cent) 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$1,580,733 37 

873,047 77 

59,250 00 

9,000 00 

138,068 00 

13,825 86 

126,950 00 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.] 

Paid-up Capital, $300,000. 

Thomas W. Tucker, President. Secretary, Henry C. Short. 

Office, No. 48 Congress Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par va inc. Market value. 



Boston city bonds . 

Charlestown city bonds 

Lowell city bonds . 

Chelsea city bonds . 

Somerville city bonds 

Fall River city bonds 

Cambridge city bonds 

Lawrence city bonds 

Eastern Railroad bonds 

Worcester and Nashua Railroad bonds 



$40,000 00 
63,000 00 
15,000 00 
4,000 00 
20,000 00 
30,000 00 
12,000 00 
18,000 00 
22, 500 00 
10,000 00 



$43,200 00 
71,100 00 
16,800 00 
4,440 00 
21,200 00 
32,700 00 
12,920 00 
19,900 00 
18,225 00 
9,000 00 



116 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cape Cod Railroad bonds 
Boston Gas-Light Company bonds . 
South Boston Gas-Light Company notes 
Providence city bonds .... 
Manchester Mills notes .... 
Washington Mills notes .... 
Atlantic Cotton Mills notes . . 
Dwight Manufacturing Company notes . 
Great Falls Manufacturing Company notes 
Tremont and Suffolk Mills notes 
Laconia Company notes .... 
United States bonds 
Appleton Company notes 



Securities held as collateral for cash loans: — 



3 shares Amoskeag Manufacturing Company, 
25 " South Boston Gas-Light Company 

40 " Boston and Maine Railroad 
70 " Phila., Wil., and Baltimore R.R. 

41 " Old Colony Railroad 
3 " Laconia Company . . . 



$10,000 00 
10,000 00 
10,000 00 
10,000 00 
45,000 00 
25,000 00 
25,000 00 
25,000 00 
10,000 00 
10,000 00 
25,000 00 
90,000 00 
10,0C0 00 



110,150 00 
10,000 00 
10,000 00 
10,000 00 

44.730 00 
24,968 75 

24.731 00 
24,731 00 

9,919 44 

9,801 40 

24,510 40 

94,225 00 

9,922 22 



,500 00 1557,174 21 



Market value. Loaned thereon 

$5,250 00 ) 
2,625 00 J 
4,740 00 
4,690 00 



4,387 00 
1,500 00 



$5,000 00 
8,000 00 
4,000 00 



$23,192 00 $17,000 00 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), $151,600 00 



Interest due or accrued thereon 
Stocks, bonds, etc , as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in National City Bank 
Interest due and accrued 
Premiums in course of collection (gross) . 
Premiums more than 3 months due, $438 28 
Gross Assets ...... 



1,939 25 
557,174 21 

17,000 00 
1,125 41 
2,504 77 
5,336 81 

10,116 60 



$746,797 05 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 



$5,815 78 

11,049 00 

2,600 00 

100,295 64 

125 00 

1,584 50 



* Value of lands mortgaged $117,800 00 

Value of buildings thereon 124,200 00 

Amount of insurance held as collateral .... 143,100 00 



1879.] 



AND FIRE-MARINE INS. COS. 



117 



Commissions and brokerage 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$2,021 26 
50 00 



- $123,541 18 

. $623,255 87 
. 300,000 00 



. $323,255 87 



Income. 

Cash received for fire premiums . . . $102,045 48 
Deduct re-insurance and return premiums . 7,142 70 

Net cash received for fire premiums . . $94,902 78 

Interest received on bonds and mortgages .... 11,402 67 
Interest and dividends received from all other sources . . 29,381 21 
Profit and loss account ........ 161 30 

Gross Cash Income . . . . .... $135,84826 



Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$39,349 46 
1,066 72 



$38,282 74 

29,915 00 

13,809 60 

12,975 00 

6,134 87 

7,261 15 

$108,378 36 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$16,127,274 00 $200,766 25 
11,346,783 00 102,606 60 



$27,474,057 00 $303,372 85 
11,142,916 00 114,795 31 



$16,331,141 00 $188,577 54 
63,064 00 737 41 



$16,268,077 00 $187,840 13 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



,028,253 18 

391,272 (i.s 

165,000 00 

30,00(1 oo 

52,561 1!) 

20,800 00 



118 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



FIRST NATIONAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated April, 1868. Commenced business Jan. 1, 1869.] 

Paid-up Capital, $200,000. 

Charles B. Pratt, President. Secretary, R. James Tatman. 

Office, No. 410 Main Street. 



Detailed Statement of Stocks, Bonds, Etc. 



New London city bonds .... 
Worcester city bonds 
Springfield city bonds .... 
Boston, Barre, and Gardner Railroad bonds 
Fitchburg and Worcester Railroad bonds 
Nashua and Rochester Railroad bonds . 
Worcester and Nashua Railroad bonds . 
Boston and Albany Railroad stock . 
Providence and Worcester Railroad stock 
First National Bank stock 



Par value. 

$10,000 00 
3,500 00 
6,000 00 

20,500 00 
5,000 00 

11,000 00 

500 00 

2,000 00 

5,000 00 

10,200 00 



Market value. 

$11,800 00 
3,955 00 
7,080 00 

18,450 00 
5,200 00 
9,900 00 
425 00 
2,800 00 
5,900 00 

14,280 00 



$73,700 00 $79,790 00 



Securities held as collateral for cash loans : - 

240 shares First National Bank, Worcester 
25 " Taylor and Farley Organ Company, 
5 " First National Bank, Clinton 



Market value. 

$33,600 00 

2,000 00 

500 00 



Loaned thereon. 

$30,000 00 

1,875 00 

400 00 



,100 00 $32,275 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in First National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



31, 1879. 

$16,275 00 

124,250 00 

2,749 56 

79,790 00 

32,275 00 

4,438 37 

9,210 35 

2,539 61 

13,838 60 



$285,366 49 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$294,650 00 
63,780 00 



1879.] 



AND FIRE-MARINE INS. COS. 



119 



Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . 

Surplus over Capital 



$5,298 32 
10,300 00 

1,000 00 
55,052 87 

2,075 79 



- $73,726 98 

. $211,639 51 

. 200,000 00 

. $11,639 51 



Income. 

Cash received for fire premiums . . . § 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 

Gross Cash Income ..... 



117,576 58 
14,887 00 



$102,689 58 
14,391 95 

$117,081 53 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



,224 02 
6,000 00 

19,857 29 
5,350 00 

4,587 31 
8,009 27 

$140,027 89 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$9,441,427 00 $139,259 37 
. 9,153,893 00 117,576 58 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$18,595,320 00 $256,835 95 
10,856,843 00 143,633 79 



,738,477 00 $113,202 16 
139,696 00 1,564 85 



',598,781 00 $111,637 31 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (3 per cent) 

Fire losses incurred during the year . . . . 

Company's stock owned l>y directors . 



$1,340,885 61 

853,8:5!) 00 

•SO, (MM) 00 

0,000 00 

94,425 34 

56,700 oo 



120 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 
FRANKLIN INSURANCE COMPANY OF BOSTON, BOSTON. 

[Incorporated Jan. 4, 1873. Commenced business Feb. 15, 1873.] 

Paid-up Capital, $200,000. 

Edmund B. Whitney, President. Secretary, Arthur T. Byrnes. 

Office, No. 66 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Boston city bonds . 
Worcester city bonds 
Fitchburg Railroad bonds 
Boston and Lowell Railroad bonds 
Eastern Railroad bonds . 
Medford town notes 
South Boston Gas- Light Company notes 
100 shares Jamaica Plain Gas-Light Company, 
50 k ' Merchandise Nat'l Bank, Boston . 



Securities held as collateral for cash loans: 

200 shares Boston Wharf Company 
11 " Boylston National Bank 
9 " Russell Mills . . . . 
130 " Alliance Insurance Company . 



Par value. 

$25,000 00 

35,000 00 

5,000 00 

5,000 00 

5,000 00 

7,000 00 

15,000 00 

10,000 00 

10,000 00 

5,000 00 



Market value. 

$26,381 25 

38,150 00 

5,700 00 

5,150 00 

5,012 50 

5,880 00 

15,825 00 

10,000 00 

12,000 00 

5,000 00 



$122,000 00 $129,098 75 

Market value. Loaned thereon. 

$9,000 00 $4,000 00 

1 ' 21275 t 1,904 00 
990 00 ) 

10,400 00 10,400 00 



$21,602 75 $16,304 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in National Union Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Premiums more than 3 months due, $171 70 
Gross Assets ...... 



$52,000 00 

30,300 00 

1,456 00 

129,098 75 

16,304 00 

1,451 82 

9,865 92 

2,339 50 

9,323 40 

262 91 



$252,402 30 



* Value of lands mortgaged $18,200 00 

Value of buildings thereon 27,700 00 

Amount of insurance held as collateral ...... 22,000 00 



1879.] 



AND FIRE-MARINE INS. COS. 



121 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Impairment of Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents . 

Bonus on lease . . . . . 



$13,441 53 

40,349 99 

903 64 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses ..... $38,534 86 
Deduct salvage and re-insurance . . . 313 96 

Net cash paid for fire losses ... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures 

Risks and Premiums. 



$57,521 47 
5.219 79 



sources 



,695 16 



$197,707 14 
200,000 00 

$2,292 86 



12,301 68 

930 00 
7,222 84 
1,277 84 
5,000 00 

,732 36 



$38,220 90 

12,000 00 

11,530 62 

8,770 00 

2,000 16 

4,402 63 

$76,924 31 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$7,346,961 00 $87,715 11 
. 6,273,552 00 65,243 22 



$13,620,513 00 $152,958 33 
. 6,829,260 00 71,756 30 



$6,791,253 00 
13,250 00 



$81,202 03 
121 50 



$0,778,003 00 $81,080 53 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent) 
Eire losses incurred during the year . 
Company's stock owned by directors . 



$665,526 95 

329,682 85 

78,000 00 

12,oi)o 00 

51,093 06 

18,500 00 



122 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 
GLOUCESTER FIRE INSURANCE COMPANY, GLOUCESTER. 

[Incorporated May 15, 1869. Commenced business March 28, 1870.] 

Paid-up Capital, $100,000. 

Robert R. Fears, President. Secretary, John Cunningham. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
44 shares Gloucester National Bank 

100 " Cape Ann National Bank 
20 " North National Bank 
50 " Exchange National Bank 
75 " Revere National Bank . 
20 " First National Bank 
10 " Commonwealth National Bank 
10 " Redemption National Bank . 
36 " Eliot National Bank 
30 " Second National Bank . 
7 " Boston National Bank . 
20 " Washington National Bank . 

6 " Howard National Bank . 
10 " Great Falls and Conway Railroad 
23 " Fitchburg Railroad 
35 " Old Colony Railroad 
20 " Boston and Albany Railroad . 

Eastern Railroad bonds .... 

Chicago, Burlington, and Quincy R.R. bonds 

Boston city bonds ..... 

Cambridge city bonds .... 



Par value. 

$10,000 00 
4,400 00 
10,000 00 
2,000 00 
5,000 00 
7,500 00 
2,000 00 
1,000 00 
1,000 00 
3,600 00 
3,000 00 

700 00 
2,000 00 

600 00 
1,000 00 
2,300 00 
3,500 00 
2,000 00 
6,500 00 
2,000 00 
4,000 00 
5,000 00 



Market value. 

$10,400 00 
5,940 00 
15,050 00 
2,460 00 
7,050 00 
8,643 75 
3,605 00 
1,030 00 
1,352 50 
3,897 00 
4,327 50 
754 25 
2,562 50 
678 00 
120 00 
2,760 00 
3,710 00 
2,760 00 
5,313 75 
2,360 00 
4,720 00 
5,825 00 



$79,100 00 $95,319 25 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Gross Assets .... 



31, 1879. 

$36,881 64 

578 66 

95,319 25 

59 61 

10,015 10 

2,934 50 

6,065 40 



.51,854 16 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$26,400 00 
50,800 00 
41,600 00 



1879.] 



AND FIRE-MARINE INS. COS. 



123 



Liabilities. 
Losses adjusted, unpaid .... 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Due for borrowed money 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . . 



$6,410 23 
3,000 00 

22,158 69 

69 00 

397 14 

5,000 00 



- $37,035 06 

. 1114,819 10 
. 100,000 00 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $ 26, 677 09 
Deduct re-insurance and return premiums . 3,452 86 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums 

Unpaid premium notes rec'd during the year . $3,143 90 

Interest and dividends received from all sources 

Income from return tax ........ 

Gross Cash Income ........ 

Expenditures. 

Cash paid for fire losses . . • . . . $30,285 48 
Deduct salvage and re-insurance . . . 91 60 

Net cash paid for fire losses 
Cash paid for marine and inland losses . . $24,695 14 
Deduct salvage and re-insurance . . . 6,711 07 

Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest .... 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$3,598,385 00 
. 1,816,859 00 

$5,41 5,244 00 
. 2,789,875 00 

$2,625,369 00 

10,875 ()() 



$14,819 10 



$23,224 23 
16,426 69 

8,993 35 
683 17 

$49,327 44 



$30,193 88 



17,984 07 

2,952 00 

4,472 24 

5,450 85 

1,498 35 

420 06 

^62,971 45 



Premiums. 

$55,065 12 
24,778 06 

$79,843 18 
41, ITS 15 

$38,365 03 
lbs 50 



$2,614,494 00 $38,246 53 



124 MASS. J0INT-S1*0CK FIRE, MARINE, [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$187,438 00 
329,837 00 

$517,275 00 
465,134 00 

$52,141 00 



$11,768 31 
8,769 68 

$20,537 99 
16,456 65 

$4,081 34 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (3 per cent) . 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$508,248 31 
393,394 10 
36,000 00 
3,000 00 
27,869 68 
15,379 88 
39,800 00 



MANUFACTURERS' FIRE AND MARINE INSURANCE 
COMPANY, BOSTON. 

[Incorporated Jan. 9, 1873. Commenced business Jan. 9, 1873.] 

Paid-up Capital, $500,000. 

Samuel Gould, President. Secretary, James J. Goodrich. 

Office, No. 59 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

276 shares National City Bank . . . $27,600 00 $32,36100 

150 " Shawmut National Bank . . 15,000 00 16,650 00 

250 '•< Second National Bank . . . 25,000 00 36,250 00 

200 " Hide and Leather National Bank . 20,000 00 22,600 00 

250 " National Eagle Bank . . .• 25,000 00 28,000 00 

150 " Hamilton National Bank . . 15,000 00 17,400 00 

300 " Atlas National Bank . . . 30,000 00 35,512 00 

75 " State National Bank . . . 7,500 00 8,756 00 

40 " Atlantic National Bank . . . 4,000 00 5,610 00 

Boston and Lowell Railroad bonds . . . 100,000 00 111,300 00 

Cheshire Railroad bonds .... 52,000 00 53,690 00 

Middlesex Railroad bonds . . . 25,000 00 29,000 00 

Somerville Railroad stock .... 2,000 00 2,100 00 

Boston city loan . . . . ... 2,000 00 2,320 00 



$350,100 00 $401,549 00 



Securities held as collateral for cash loans: — 

260 shares Pennsylvania Salt Company . 
Cheshire Railroad bonds .... 

5 shares Manufacturers' F. and M. Ins. Co. . 



Market value. Loaned thereon 

$19,500 00 $10,000 00 

2,060 00 2,000 00 

625 00 500 00 



1879.] 



AND FIRE-MARINE INS. COS. 



125 



25 shares Androscoggin Mills 

8 " Lowell Machine Shop . 
5 " Lowell Manufacturing Company 
50 " Boston Machine Company 
250 " Forbes Lithographic Company 

26 " Boston Gas-Light Company . 
20 " Boston Machine Company 

30 " Hoffman Insurance Company 

18 " Boston and Lowell Railroad . 
Sioux City and and St. Paul Railroad bonds 

18 shares Union Market National Bank 
150 " Washington Mills . 
124 " Hill Manufacturing Company 

61 " Washington Mills . 
240 " Chicago, Bur., and Quincy R.R. 
Rutland Railroad bond . 
22 shares American Linen Company 
New York and New England Railroad bonds 
Columbus, Springfield, and Cin. R.R. bonds 
20 shares Boston Machine Company 



Summary of Assets Dec. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks and with 
English bankers ...... 

Interest due and accrued 
Premiums in course of collection (net) . 
Notes taken for marine and inland risks 
Rents due and accrued .... 

Corporation notes . ' . 

Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Unused balances of premium notes 
Dividends to stockholders unpaid . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



$2,600 

6,400 

4,150 

25,000 

25,000 

18,070 

10,000 

1,500 

7,650 

3,000 

1,800 

14,327 

12,431 

5,825 

33,000 

9,200 

12,000 

16,500 

12,000 

10,000 



00 ^ 

00 C $10,000 00 

00) 

00 

00 



}.« 



5,000 00 



00 

00 

00 

00) 

00) 

00 

00 

00 

00 

00 1 

00) 

00 

00 

00 

00 



8,000 00 
6,000 00 
1,125 00 

6,229 20 

1,500 00 
12,000 00 
10,000 00 

3,700 00 

25,000 00 

15,000 00 
15,000 00 
10,000 00 
10,200 00 



$252,638 00 $171,254 20 

31, 1879. 

$83,700 00 
76,900 00 

3,475 62 
401,549 00 
171,254 20 

7,105 66 

293,495 43 

8,814 32 

46,013 72 

37,247 62 

1,250 00 

30,000 00 

$1,160,805 57 



Surplus over Capital 



$71,825 13 

334,185 71 

1,685 64 

25 00 



407,721 48 

$753,084 09 
500,000 00 

$253,084 09 



* Total value of property mortgaged, $128,000. 



126 MASS. JOINT-S? OCK FIRE, MARINE, [Dec. 31, 



Income. 

Cash received for fire premiums . . . $ 242, 373 50 
Deduct re-insurance and return premiums . 44,233 81 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums, $162,522 60 
Deduct re-insurance and return premiums . 23,045 08 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year, $37,247 62 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources . 
Income from rents ........ 



$198,139 69 



139,477 52 

3,623 09 

39,248 43 

3,190 09 



Gross Cash Income 



. $383,678 82 



125,211 74 
11,221 59 



Expenditures. 

Cash paid for fire losses .... $180,420 50 

Deduct salvage and re-insurance . . . 4,145 25 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance . 

Net cash paid for marine and inland losses . 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes 

for incidentals .... 

Gross cash expenditures 

Risks and Premiums. 



$176,275 25- 



113,990 15 
50,000 00 
24,475 75 
29,852 16 
8,517 96 
39,141 95 

$442,253 22 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$365,255 06 
283,497 89 

$648,752 95 
272,816 62 

$375,936 33 
6,334 48 

$57,680,883 00 $369,601 85 



$40,324,963 00 
. 40,775,595 00 

$81,100,558 00 
. 22,517,173 00 

,583,385 00 
902,502 00 



. $1,819,198 00 $147,399 61 

. 21,289,948 00 153,690 67 

$23,109,146 00 $301,090 28 

. 20,100,456 00 156,992 29 

. $3,008,690 00 $144,097 99 

77,597 00 1,077 11 

. $2,931,093 00 $143,020 88 



1879.] 



AND FIRE-MARINE INS. COS. 



127 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 

Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$3,465,790 88 

1,979,451 79 

275,000 00 

50,000 00 

226,244 97 

86,595 56 

45,100 00 



MECHANICS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated May 4, 1875. Commenced business May 5, 1875.] 

Paid-up Capital, $200,000. 

Alfred Bicknell, President. Secretary, John H. Robinson. 

Office, No. 33 Milk Street. 



Detailed Statement of Stocks, 



Metropolitan Railroad bonds . 

Andover and Lowell Railroad bonds 

District of Columbia bonds 

Boston and Albany Railroad stock 

Boston and Maine Railroad stock 

Chicago, Burlington, and Quincy R.R. stock 

Central National Bank . 

Hide and Leather National Bank 

Everett National Bank . 

North America National Bank 

Webster National Bank . 

Eagle National Bank 

Blackstone National Bank 

Traders' National Bank . 

State National Bank 

Revere National Bank 

Howard National Bank . 

Manufacturers' National Bank 



Bonds, Etc. 

Par value. 

$10,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

2,500 00 

4,200 00 

4,300 00 

6,800 00 

6,000 00 

4,600 00 

1,900 00 

700 00 

2,200 00 

500 00 

3,600 00 

3,500 00 



Market value. 

$10,900 00 

10,700 00 

4,300 00 

14,000 00 

11,900 00 

14,100 00 

2,500 00 

4,704 00 

4,730 00 

7,344 00 

6,360 00 

5,152 00 

2,033 00 

721 00 

2,596 00 

575 00 

4,104 00 

3,500 00 



15,800 00 $110,219 00 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . . $31,493 33 
Loans on mortgage of real estate (first liens*), 57,800 00 
Interest due or accrued thereon . . . 1,257 38 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held •■!« collateral 



si 1. 251 1 00 
80,500 do 
89,1 10 



128 MASS. JOINT-ST'OCK FIRE, MARINE, [Dec. 31, 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued . 

Gross Assets . . . . 



$110,219 00 

1,676 38 

25,233 16 

430 18 

9,645 31 

400 00 



£38,154 74 



Liabilities. 

Losses adjusted, unpaid . 
Losses claimed and reported . 
Unearned premiums on outstanding risk 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 



$321 94 

3,800 00 

25,740 56 

1,446 79 



Cash received for fire premiums . . . $41,742 85 

Deduct re-insurance and return premiums . 1,979 12 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents ....... 



31,309 29 

5206,845 45 
200,000 00 

$6,845 45 



Gross Cash Income 



$39,763 73 

5,422 33 

6,330 04 

496 02 

$52,012 12 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

Cash paid for salaries, taxes, and incidentals 

Gross Cash Expenditures 



$29,630 50 
4,017 38 



£5,613 12 

5,878 48 

10,052 11 



$41,543 71 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$1,724,617 00 $20,575 44 
. 4,971,679 00 52,869 00 



Total . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$6,696,296 00 $73,444 44 
. 2,507,662 00 27,905 04 



$4,188,634 00 $45,539 40 
27,286 00 357 88 



:,161,348 00 $45,181 52 



1879.] 



AND FIRE-MARINE INS. COS. 



129 



Miscellaneous. 

Premiums received from organization of stock department . $56,741 74 

Losses paid from organization of stock department . . 26,521 14 

Fire losses incurred during the year *....". 25,778 77 

Company's stock owned by directors 76,600 00 



MERCANTILE MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

George R. Rogers, President. Secretary, B. F. Field, Jun. 

Office, No. 58 State Street. 



Detailed Statement of Stocks, 



200 " City National Bank 
200 " Columbian National Bank 
214 " Eagle National Bank 
300 " Globe National Bank . 
120 " Hamilton National Bank 
160 " New England National Bank 
200 " North National Bank . 
37 " Railroad National Bank 
178 " State National Bank 
535 " Suffolk National Bank . 
200 " Tremont National Bank. 
200 " Union National Bank . 
200 " Boston and Providence Railroad 
100 " Lyman Mills . 
United States bonds 
New Bedford Railroad bonds . * 
Boston and Albany Railroad bonds 
Boston and Maine Railroad bonds . 
Fitchburg Railroad bonds 
Boston and Lowell Railroad bonds . 
Boston city bonds .... 
Charlestown water loan . 



Bonds, Etc 

Par value. 

$10,000 00 
20,000 00 
20,000 00 
21,400 00 
30,000 00 
12,000 00 
16,000 00 
20,000 00 
3,700 00 
17,800 00 

- 53,500 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
25,000 00 
30,000 00 
30,000 00 
10,000 00. 
25,000 00 
25,000 00 
65,000 00 
10,000 00 



Market value. 

$14,025 00 
23,450 00 
28,850 00 
23,968 00 
31,125 00 
13,920 00 
22,480 00 
25,200 00 
4,116 00 
20,781 00 
61,123 00 
23,600 00 
28,400 00 
25,350 00 
10,000 00 
26,100 00 
31,500 00 
36,600 00 
11,950 00 
29,500 00 
27,450 00 
76,050 00 
11,300 00 



$514,400 00 606,838 00 



Securities held as collateral for cash loans: 

10 shares State National Bank 

3 " Pepperell Manufacturing Company 

2 " Laconia Company . 
50 " Burlington and Missouri Railroad 

17 



Market value. Loaned tliereon. 
$1,167 50 
2,595 00 ! 

6,875 00 



130 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



United States bonds 
Providence city water bond 



$7,140 00 $7,000 00 
1,085 00 1,000 00 



$19,842 50 $13,100 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $44,500 00 

Interest due or accrued thereon . . . 744 50 

Stocks, bonds, etc., as per schedule . .- 606,838 00 

Loans on collateral security, as per schedule . 13,100 00 

Cash in the office of the company . . . . 222 18 

Cash deposited in various banks . . . 7,536 16 

Interest due and accrued .... 5,927 01 

Premiums in course of collection (gross) . 1,306 52 

Notes taken for marine and inland risks . 52,682 22 

Gross Assets . . . . . . — 

Liabilities. 

Losses adjusted, unpaid .... 
Losses claimed and reported . 

Total amount of losses 

Less re-insurance . . . • . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



,716 43 
13,330 00 

$24,046 43 
58 22 



1,988 21 

102,004 59 

620 00 

1,383 00 

195 98 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $65,617 49 
Deduct re-insurance and return premiums . 6,962 34 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $82,230 85 
Deduct re-insurance and return premiums . 13,785 90 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes rec'd during the year . $52,682 22 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income ........ 



$732,856 59 



128,191 78 

$604,664 81 
400,000 00 



204,664 81 



$58,655 15 



68,444 95 

2,610 00 
29,524 07 

$159,234 17 



* Value of lands mortgaged $25,200 00 



Value of buildings thereon 

Amount of insurance held as collateral 



33,300 00 
44,000 00 



1879,] 



AND FIRE-MARINE INS. COS. 



131 



Expenditures 
Cash paid for fire losses .... 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



162,401 98 
5,726 15 



33,161 22 



56,675 83 
41,125 00 
12,389 20 
12,480 00 
3,856 04 
9,429 26 

. $169,116 55 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$9,864,605 00 
10,212,078 00 

$20,076,683 00 
. 9,114,868 00 

$10,961,815 00 
. 283,810 00 



Premiums. 

$71,888 82 
63,430 01 

$135,318 83 

47,980 01 

$87,338 82 
2,164 92 



$10,678,005 00 $85,173 90 



$3,878,257 00 
. 4,975,077 00 

$8,853,334 00 
. 3,743,461 00 

$5,109,873 00 
76,000 00 



$54,003 47 
57,508 37 

$111,511 84 
51,050 95 

$60,460 89 
2,319 75 



55,033,873 00 $58,141 14 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$4,928,020 39 

3,846,812 91 

1,694,500 00 

40,000 00 

42,258 06 

r»l,5!)5 OS 

28,300 00 



132 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



NEPTUNE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 24, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $300,000. 

George F. Osborne, President. Secretary, Eugene B. Hinckley. 

Office, No. 64 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



700 shares Tremont National Bank 

100 " Union National Bank . 

30 " Massachusetts National Bank 
75 " Hamilton National Bank 

101 " Suffolk National Bank . 
36 ' 4 Globe National Bank . 

112 " Revere National Bank .. 
16 '" Everett National Bank . 
27 " Shoe and Leather National Bank 
22 " National Bank of Redemption 

United States bonds 

100 shares Boston and Providence Railroad 

Boston and Maine Railroad bonds . 

Burlington and Missouri (Neb.) R.R. bonds 

Fitchburg Railroad bonds 

Fitchburg city bonds 

Brookline water loan .... 

Union Pacific Railroad bonds . 



Par value. 

$70,000 00 

10,000 00 

7,500 00 

7,500 00 

10,100 00 

3,600 00 

11,200 00 

1,600 00 

2,700 00 

2,200 00 

100,000 00 

10,000 00 

30,000 00 

24,000 00 

10,000 00 

30,000 00 

10,000 00 

50,000 00 



Market value. 

$84,000 00 

14,200 00 

8,625 00 

8,700 00 

11,615 00 

3,726 00 

12,908 00 

1,748 00 

3,251 00 

2,970 00 

106,625 00 

12,600 00 

35,700 00 

25,920 00 

12,000 00 

33,600 00 

12,500 00 

55,100 00 



$390,400 00 $445,788 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in Tremont National Bank 
Interest due' and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Corporation notes indorsed 
Premiums more than 3 months due, $606 15 
' Gross Assets . . . . 



$10,000 00 

281 67 

445,788 00 

383 68 

29,541 48 

4,320 00 

10,314 17 

36,405 83 

25,000 00 



$562,034 83 



* Value of lands mortgaged $16,000 00 

Value of buildings thereon 28,000 00 

Amount of insurance held as collateral 10,000 00 






1879.] 



AND FIRE-MARINE INS. COS. 



133 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 



Surplus over Capital 



$32,000 00 

77,051 19 

900 00 



1109,954 19 

1452,080 64 
300,000 00 

$152,080 64 



Income. 

Cash received for fire premiums . . . $68,833 46 

Deduct re-insurance and return premiums . 3,896 86 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inlancl prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources . 



$22,214 05 



59,385 35 

600 00 
24,065 97 

Gross Cash Income $148,987 92 



$60,827 84 
1,442 49 



$64,936 60 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$35,463 55 
223 75 



,912 77 
1,621 58 



$35,239 80 



57,291 19 
30,000 00 
12,116 07 
14,851 87 
4,339 69 
4,828 12 

$158,666 74 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$6,548,818 00 $82,444 76 
. 6,776,192 00 66,892 52 



Total 

Deduct risks expired and terminated 

In force at end of year 



$13,325,010 00 $149,387 28 
. 6,252,537 00 63,984 80 



$7,072,478 00 $85,352 98 



134 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . . ' . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,849,241 00 $49,131 22 
. 1,420,701 00 38,403 12 



13,269,942 00 $87,534 34 
. 1,655,808 00 53,356 69 



,614,134 00 
5,000 00 



,177 65 
238 50 



,609,134 00 $33,939 15 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent!) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors * . . 



$1,408,394 73 
896,353 59 
180,000 00 
30,000 00 
51,239 80 
57,291 19 
40,100 00 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

Albert Bowker, President. Secretary, Eugene E. Patridge. 

Office, No. 1 Old State House. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . $32,000 00 $33,050 00 

Eastern Railroad bonds 11,000 00 9,075 00 

Cambridge city bonds . . . . . 10,000 00 10,250 00 

Columbian National Bank stock . . . 5,000 00 7,212 50 

Merchants' National Bank stock . . . 15,000 00 20,700 00 

State National Bank stock .... 10,00000 11,67500 

National Hide and Leather Bank stock . . 2,900 00 3,226 25 

Shoe and Leather National Bank stock . . . 1,000 00 1,130 00 

Eleventh Ward National Bank stock . . 14,666 67 5,499 33 

1101,566 67 1101,818 08 



Securities held as collateral for cash loans : — 

East Boston Savings Bank books 

Mortgage note and deed ..... 

East Boston Savings Bank book . . . 96 21 94 32 



Market value. Loaned thereon. 

^2,443 66) $3,849 36 
2,500 00 ) 



$5,039 87 



1,943 68 



1879.] 



AND FIRE-MARINE INS. COS. 



135 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Bills receivable 
Premiums more than 3 months due, $287 69 
Gross Assets ...... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$48,658 09 

116,280 00 

4,5S2 18 

101,818 08 

3,943 68 

1,521 14 

31,155 82 

421 30 

3,684 32 

3,431 93 



^794 70 

44,805 46 

50 00 

475 00 

406 36 

25 85 



$315,496 54 



46,557 37 



268,939 17 
200,000 00 

,939 17 



Income . 

Cash received for fire premiums . . . $43,381 66 
Deduct re-insurance and return premiums . 4,006 30 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state*and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



623,613 97 

664 01 



$39,375 36 

8,944 19 

6,302 48 

293 66 

$54,915 69 



$22,919 96 

19,950 00 

3,984 56 

10,716 57 

3,866 43 
$64,391.04 



f Total value of property mortgaged . 
Amount of insurance held at collateral 



$284,200 00 
68,443 00 



138 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Risks, and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 ' . 

Total ..,.,'.. 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

114,818,804 00 $180,266 57 
13,858,195 00 144,006 69 



$28,676,999 00 4324,273 26 
13,837,813 00 145,317 95 



$14,839,186 00 $178,955 31 
158,009 00 2,082 60 



$14,681,177 00 $176,872 71 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company . 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) 

Fire losses incurred dnring the year . 

Company's stock owned by directors . . . . 



,000 


295 


75 


426 


560 


44 


110 


000 


00 


20 


000 


00 


96 


583 


32 


117 


800 


00 



REVERE FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated May 3, 1875. - Commenced business May 6, 1875.] 

Paid-up Capital, $200,000. 

Joseph H. Wellman, President. Secretary, John W. Belches. 

Office, Nd. 48 Congress Street. 



Detailed Statement of Stocks, 



100 shares Old Colony Railroad 

30 " Norwich and Worcester Railroad 
Cheshire Railroad bonds 

34 shares Metropolitan National Bank 

25 

50 

15 

30 

50 

50 

20 

38 

50 

78 

19 



Merchandise National Bank 
Boston National Bank . 
Eagle National Bank 
Second National Bank . 
Third National Bank 
Boylston National Bank 
Mount Vernon National Bank 
Everett National Bank . 
Tremont National Bank 
Atlantic National Bank . 
Mechanics' National Bank 



Bonds, Etc. 

Par value. 

$10,000 00 
3,000 00 
15,000 00 
3,400 00 
2,500 00 
5,000 00 
1,500 00 
3,000 00 
5,000 00 
5,000 00 
2,000 00 
3,800 00 
5,000 00 
7,800 00 
1,900 00 



Market value. 

$10,900 00 
3,840 00 
15,487 50 
3,672 00 
2,500 00 
5,387 50 
1,680 00 
4,350 00 

5.150 00 
5,512 50 
1,925 00 

4.151 50 
5,900 00 

10,939 50 
2,185 00 



1879.] 



AND FIRE-MARINE INS. COS. 



139 



100 shares National Bank of the Republic 
63 "• National Bank of Redemption 
United States bonds 
20 shares E. & T. Fairbanks & Co. 
South Boston Gas- Light Company notes 



$10,000 00 112,500 00 



6,300 00 
40,000 00 
10,000 00 
10,000 00. 



8,505 75 
42,600 00 
11,000 00 
10,000 00 



1150,200 00 $168,180 25 



Securities held as collateral for cash loans : — 

5 shares Dorchester Gas-Light Company 
Boston city bonds ...... 

15 shares Revere Copper Company . 

Chicago and Eastern Illinois Railroad bonds . 



JUarket value. Loaned thereon. 



#380 00 

1,160 00 

18,000 00 

7,600 00 



,1300 00 

1,000 00 

15,000 00 

6,000 00 



5::7,140 00 $22,300 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $10,000 00 

Loans on mortgage of real estate (first liens*), 53,000 00 

Interest due or accrued thereon . . . 1,566 11 

.Stocks, bonds, etc., as per schedule . . 168,186 25 

Loans on collateral security, as per schedule . 22,300 00 

Cash in the office of the company . . . 332 42 

Cash deposited in Everett National Bauk . 11,682 09 

Interest due and accrued .... 865 89 

Premiums in course of collection (gross) . 17,696 12 

Rents due and accrued ..... 61 66 

Gross Assets ...... 



$285,690 54 



Liabilities. 

Losses adjusted., unpaid .... 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Miscellaneous ...... 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$2,672 60 
9,100 00 

60,621 16 
2,653 66 
1,000 00 



70.047 42 

$209,643 12 
200,000 00 

$9,643 12 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 



$105,177 75 
14,273 10 



$90,904 65 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of Insurance held as collateral 



$28,200 00 
70,800 00 
60,500 no 



140 MASS. JOrNT-STOCK FIRE, MARINE, [Dec, 31, 

Interest received on bonds and mortgages . . . . $2,910 00 

Interest and dividends received from all other sources . . $,555 93 

Income from rents . . . * , . . . . 113 33 



Gross Cash Income . . . . . . . $102,483 91 

Expenditures. 

Cash paid for fire losses _ $66,808 14 

Deduct salvage and. re-insurance . . 2,738 43 

Net cash paid for fire losses .... — — $64,069 71 

Cash paid for commissions and brokerage • • • • 19,275 52 

for salaries of officers and employes •• . . 11,208 33 

for state and local taxes . . .... 3-, 765 04 

for rent and incidentals . . . 9,357 07 



Gross Cash Expenditures . ..... $107,675 67 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1878 . $9,286,822 00 $111,115 31 
Fire risks written during 1879 . . 10,396,93100 111,355 70 



Total ...... $19,683,753 00 $222,471 01 

Deduct risks expired and terminated . . 9,303,906 00 95,429 25 



In force at end of year . . . . $10,379,847 00 $127,041 76 
Deduct amount re-insured . 303,998 00 3,605 56 



Net amount in force . . . $10,075,849 00 $123,436 20 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year .... 
Company's stock owned by directors . . . 



$427,447 41 

162,947 26 

10,000 00 

69,318 10 

32,000 00 



SALEM MARINE INSURANCE COMPANY, SALEM. 

[Incorporated Feb. 6, 1856. Commenced business Feb. 7, 1857.] 

Paid-up Capital, $100,000. 

William Northey, President. Secretary, Frederick P. Richardson. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . . $50,000 00 $51,937 50 

Burlington and Missouri River R.R, bonds . 6,000 00 6,480 00 

Cedar Rapids and Missouri River R.R. bonds, 5,000 00 5,675 00 



1879.] 



AND FIRE-MARINE INS. COS. 



141 



Vt. Central and Vt. and Canada R.R. bonds 

Cleveland city bonds .... 

Providence city bonds . . ... 

Cambridge city bonds .... 

Louisville city bonds .... 
30 shares Mercantile National Bank, Salem 
81 " Merchants' National Bank, Salem 
73 " Exchange National Bank, Salem 
98 " First National Bank, Salem . 

100 " Naumkeag National Bank, Salem 
93 " North National Bank, Boston 

100 " Second National Bank, Boston 

100 " Webster National Bank, Boston 
75 " Bank of Commerce, Boston . 
51 " Atlantic National Bank, Boston 
30 " Merchants' National Bank, Boston 
1G *' Shawm ut National Bank, Boston 
21 " Boston National Bank, Boston 

Securities held as collateral for cash loans: - 

100 shares Insurance Co. of North America 
Cleveland city bond .... 
Louisville city bonds .... 



$5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

3,000 00 

4,050 00 

7,300 00 

9,800 00 

10,000 00 

9,300 00 

10,000 00 

10,000 00 

7,500 00 

5,100 00 

3,000 00 

1,600 00 

2,100 00 



$1,750 00 

11,525 00 

5,400 00 

11,300 00 

5,250 00 

3,330 00 

4,860 00 

8,103 00 

10,878 00 

14,400 00 

11,718 00 

14,500 00 

10,500 00 

8,850 00 

7,152 75 

4,140 00 

1,776 00 

2,268 00 



$178,750 00 $201,793 25 

Market value. Loaned thereon. 

$3,450 00 $1,500 00 



1,000 00 
2,100 00 



S6,550 00 
Summary of Assets Dec. 31, 1879. 



1,000 00 
1,500 00 

$4,000 00 



Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Merchants' National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Gross Assets ..... 



LlABILITTE 



Losses claimed and reported 
Less re-insurance 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 

Surplus over Capital 



s. 



$201,793 25 
4,000 00 
1,223 25 

17,884 32 
2,005 68 
4,162 90 

26,846 80 



$10,000 00 
4,000 00 

$6,000 00 

26,846 80 

210 00 

747 95 

504 31 



1257,916 20 



34,309 06 

$223,(507 14 
100,000 00 

$123,607 14 



142 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 

Cash received for marine and inland prenis. . 
Deduct re-insurance and return premiums 
Net cash received for marine and inland prems. 
Interest and dividends received from all sources 

Gross Cash Income ..... 



$16,152 93 
3,234 28 



$12,918 65 
10,687 05 

$53,605 70 



Expenditures 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net eash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$37,452 94 
* 1,526 03 



$35,926 91 
9,985 00 
1,962 62 
3,112 00 
345 01 
1,297 49 

$52,629 03 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



H,069 00 
2,237,719 00 

£2,928,788 00 
2,043,477 00 



5,311 00 
10,738 00 



Premiums. 

,706 46 
42.792 53 

$73,498 99 
46,652 19 

$26,846 80 
510 16 



$874,573 00 $26,336 64 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . . . . 



$1,072,326 35 

821,748 06 

224,000 00 

10,000 00 

35,926 91 

12,200 00 



1879.] 



AND FIRE-MARINE INS. COS. 



143 



SHAWMUT INSURANCE COMPANY, BOSTON.* 

[Incorporated July 29, 1875. Commenced business Sept. 23, 1875.] 

Paid-up Capital, $500,000. 

William S. Denny, President. Secretary, James Bruerton. 

Office, No. 4 Post-Office Square. 

Detailed Statement of. Stocks, Bonds, Etc. 



Massachusetts state bonds 

Boston city bonds . 

United States bonds 

Newton city bonds . 

Dan vers city bonds 

Fall River city bonds 

Lynn city bonds 

100 shares Manufacturers' National Bank 

50 " Continental National Bank . 

50 " Merchandise National Bank . 

12 " Chelsea National Bank . 



Par value. Market value. 

£100,000 00 $110,125 00 
100,000 00 109,500 00 



110,000 00 

50,000 00 

50,000 00 

25,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

1,200 00 



114,737 50 

57,250 00 

52,250 00 

25,750 00 

10,500 00 

9,900 00 

5,250 00 

4,925 00 

1,212 00 



$466,200 00 $501,399 50 



Summary of Assets Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens f) 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in Nat'l B'k of Commonwealth 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ' . . 



31, 1879. 

$14,250 00 

38,000 00 

889 18 

501,399 50 

3,083 28 

8,942 23 

2,020 67 

24,691 61 

177 00 



$593,453 47 



Liabilities. 

Losses adjusted, unpaid $8,847 14 

Losses claimed and reported . . . . 14,154 22 

Unearned premiums on outstanding risks . 64,752 52 

Due and accrued for rent, salaries, etc. . . 200 00 



* Re-insured all risks in Metropole Insurance Company since Jan. 1, 1880. 

t Value of lands mortgaged $35,100 00 

Value of buildings thereon 88,900 00 

Amount of insurance held as collateral 83,400 no 



144 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

$3,703-74 



Commissions and brokerage . 

Gross Liabilities, except Capital 

» 

Surplus as regards policy-holders . 
Paid-up Capital . . 



Surplus over Capital 



- $91,657 62 

. $501,795 85 
. 500,000 00 



.,795 85 



Income. 

Cash received for fire premiums . . . $199,779 58 
Deduct re-insurance and return premiums . 28,836 17 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages . _ . 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$170,943 41 

2,599 44 

24,516 97 

756 49 



$198,816 31 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid . . •■-... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$173,380 86 
15,000 00 
32,906 18 
18,564 85 
9,130 97' 
12,888 48 

$261,871 34 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force * 



Premiums. 

$17,022,887 00 $189,146 18 
15,636,292 00 199,779 58 



$32,659,179 00 $388,925 76 
22,169,089 00 250,577 65 



$10,490,090 00 $138,348 11 
128,580 00 1,844 55 



$10,361,510 00 $136,503 56 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (3 per cent) 

Fire losses incurred during the year .... 

Company's stock owned by directors .... 



$970,824 06 

518,398 63 

15,000 00 

15,000 00 

169,637 83 

196,000 00 



* Re-insured in Metropole Insurance Company. 



1879.] 



AND FIRE-MARINE INS. COS. 



145 



SHOE AND LEATHER INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $300,000. 

John C. Abbott, President. Secretary, Henry B. White. 

Office, No. 16 Congress Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Shawmut National Bank . . $25,300 00 $28,083 00 

Merchandise National Bank . . 5,000 00 4,950 00 

Hamilton National Bank . . 20,000 00 23,200 00 

Second National Bank . . . 10,000 00 14,500 00 

Atlantic National Bank . . . 3,100 00 4,347 75 

Tremont National Bank . . 11,700 00 13,806 00 

Atlas National Bank . . . . 4,700 00 5,563 62 

Merchants' National Bank . . 6,200 00 8,556 00 

National Bank of the Republic . 25,000 00 30,500 00 

National Bank of Redemption . 5,400 00 7,276 50 

Boston and Albany Railroad bonds . , . 25,000 00 31,229 17 

Boston and Lowell Railroad bonds . . . 10,000 00 10,900 00 

Eastern Railroad bonds 21,000 00 17,640 34 

United States bonds 200,000 00 209,450 00 

Cambridge city bonds 40,000 00 41,350 00 

Providence city bonds . . . . . 25,000 00 27,000 00 

Somerville city bonds 21,500 00 23,220 00 

Woburn town bonds 30,000 00 31,200 00 

Beverly town bonds . . . . . 5,000 00 5,186 11 



253 share 


50 


t i 


200 


a 


100 


1 1 


31 


(. i 


117 


u 


47 


u 


62 


u 


250 


i i 


54 


t < 



$493,900 00 $537,958 49 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $40,000 00 

Interest due or accrued thereon . . . 1,050 83 

Stocks, bonds, etc., as per schedule . . 537,958 49 

Cash in the office of the company . . . 10,177 07 

Cash deposited in various banks . . . 50,205 49 

Premiums in course of collection (gross) . 47,056 76 

Notes taken for marine and inland risks . 65,879 66 

Gross Assets ...... — 



$752,328 30 



Losses claimed and reported 
Losses disputed or resisted 



Liabilities. 



$42,485 79 
5,000 00 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of Insurance held as collateral 



$40,000 00 
60,000 mi 
4:j,ooo 00 



1!) 



146 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Unearned premiums on outstanding risks . $182,340 09 
Commissions and brokerage . . . . 1,327 22 

Gross Liabilities, except Capital and Scrip, $231,153 10 



Surplus as regards policy-holders . . .... $521,175 20 

Paid-up Capital 300,000 00 



Surplus over Capital 



. $221,175 20 



Income. 

Cash received for fire premiums . . . $141,073 66 

Deduct re-insurance and return premiums . 2,364 98 

Net cash received for fire premiums 

Cash rec'd for marine and inland premiums 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income . . . . 



$118,150 21 
10,305 42 

$65,879 66 



$138,708 68 



107,844 79 

2,550 00 
25,888 63 

$274,992 10 



EXPENDITURES. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$57,829 84 
238 50 



,727 37 
2,002 02 



$57,591 34 



78,725 35 
30,000 00 
29,620 27 
14,680 00 
4,642 86 
14,120 17 

$229,379 99 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$15,571,799 00 $194,332 47 
16,635,729 00 160,002 73 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$32,207,528 00 $354,335 20 
14,439,893 00 144,841 02 



$17,767,635 00 $209,494 18 
38,650 00 636 81 



$17,728,985 00 $208,S57 37 



1879.] 



AND FIRE-MARINE INS. COS. 



147 



Marine risks outstanding Dec. 31, 1878 
Marine risks written 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,649,272 00 $73,511 70 
15,666,369 00 144,904 57 



$17,315,641 00 $218,416 27 
13,286,623 00 144,126 68 



:,029,018 00 $74,289 59 
2,500 00 125 00 



,026,518 00 $74,164 59 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization oi company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



,681,723 30 
714,452 98 
180,000 00 
30,000 00 
81,085 09 
85,712 37 
55,400 00 



500 shai 


500 


a 


500 


a 


45 


a, 


1,000 


a 


500 


u 


1,000 


a 


1,000 


it 


200 


a 


100 


(< 


84 


u 


104 


(< 


100 


i i 


28 


(< 


200 


i i 


70 


t i 


34 


i i 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $750,000. 

Dwight R. Smith, President. Secretary, Sanford J. Hall. 



Detailed Statement of Stocks,. Bonds, Etc. 

Par value. Market value. 

es Boston and Albany Railroad . $50,000 00 $69,000 00 

Boston and Providence Railroad . 50,000 00 63,000 00 

Connecticut River ftailroad . . 50,000 00 69,000 00 

Worcester and Nashua Railroad . 4,500 00 2,475 00 

N. Y., N. H., and Hartford R.R. 100,000 00 155,000 00 

N. Y. Central and H. R. R.R. . 50,000 00 65,000 00 

New York and Harlem Railroad . 50,000 00 80,000 00 

Phila., Wil., and Bait. Railroad, 50,000 00 67,000 00 

Old Colony Railroad . . .' 20,000 00 21,400 00 

Agawam Nat'l Bank, Springfield, 10,000 00 11,500 00 

John Hancock Nat'lB'k,Sp'gfield, 8,400 00 9,240 00 

Chicopee Nat'l Bank, Springfield, 10,400 00 14,560 00 

Pynchon Nat'l Bank, Springfield, 10,000 00 16,000 00 

Second Nat'l Bank, Springfield . 2,800 00 4,480 00 

Third Nat'l Bank, Springfield . 20,000 00 32,000 00 

Ware National Bank, Ware . 7,500 00 8,625 00 

First Nat'l Bank, Northampton . 3,400 00 4,080 00 



148 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



67 shares Northampton National Bank . 

10 u Monson National Pank, Monson 
100 " Merchants' Nat'l Bank, Boston 
100 " Atlas National Bank, Boston . 
100 " Howard National Bank, Boston 
100 " Webster National Bank, Boston 
150 " Boylston National Bank, Boston 
100 " Eliot National Bank, Boston . 

75 " Nat'l Bank of Commerce, Boston 

50 " Nat'l Bank of Commerce, N.Y. 
United States 6 per cent currency reg. bonds, 
Borne, Watertown, and Ogdensb'g R.R. bonds, 
Morris and Essex Railroad bonds . . 
New York and Harlem Railroad bonds . 
Boston and Albany Railroad bonds 
Kansas City, St. Joseph's, and Council Bluffs 
Railroad bonds . 



$6,700 00 

1,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

10,000 00 

7,500 00 

5,000 00 

'100,000 00 

1,700 00 

8,000 00 

10,000 00 

100,000 00 



$6,968 00 

1,250 00 

13,800 00 

11,800 00 

11,300 00 

10,500 00 

16,500 00 

10,800 00 

8,850 00 

6,500 00 

122,000 00 

1,700 00 

10,000 00 

12,500 00 

122,000 00 



25,000 00 26,500 00 



£6,900 00 $1,085,328 00 



Securities held as collateral for cash loans: — 

20 shares Agawam National Bank, Springfield, 

20 " Second National Bank, Springfield , 

8 " Chicopee Nat'l Bank, Springfield 

10 " Third National Bank, Springfield 

75 " Massasoit Paper Manufacturing Co 

10 " Agawam National Bank . 

5 " Connecticut River Railroad 

25 " Quassaick National Bank 



Market value. 

$2,300 00 
3,200 00 
1,120 00 
1,600 00 
7,500 00 
1,150 00 
690 00 
625 00 



Loaned thereon. 

$2,275 00 

1,500 00 

1,140 00 

900 00 

3,000 00 

1,000 00 

500 00 

400 00 



,185 00 $10,715 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $171,400 00 
Loans on mortgage of real estate (first liens*), 350,434 72 



Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 



10,571 79 
1,085,328 00 
10,715 00 
14,165 98 
99,251 23 
15,172 95 
99,500 00 
1,937 67 



.,858,477 34 



* Value of lands mortgaged $206,500 00 

Value of buildings thereon ....... 465,500 00 

Amount of insurance held as collateral ..... 326,200 00 



1879.] 



AND FIRE-MARINE INS. COS. 



149 



Liabilities. 

Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted . 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . . 



Surplus over Capital 



$14,217 75 
50,211 75 
12,498 05 

$76,928 45 
1,682 50 

$75,245 95 

573,972 05 

14,925 00 



$664,143 00 



1,194,334 34 

750,000 00 

$444,334 34 



Income. 

Cash received for fire premiums . . . $879,739 74 
Deduct re-insurance and return premiums . 89,479 02 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages . . . . 
Interest and dividends received from all other sources . 
Income from rents ......... 



$790,260 72 

22,195 29 

62,436 35 

6,323 20 



Gross Cash Income $881,215 56 



Expenditures. 

Cash paid for fire losses . . 

Deduct, salvage and re-insurance 

Net cash paid for fire losses . . , 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes .. 
for incidental expenses . 

Gross Cash Expenditures 



$528,818 45 
32,662 75 



$496,155 70 
75,000 00 
122,321 75 
40,003 08 
28,690 39 
73,203 92 

$835,374 84 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

9,726,163 00 $1,076,02:5 63 
77, 131, 70S 00 879,73!) 74 



Total 

Deduct risks expired and terminated 

In force at end of year 



$167,100,871 00 $1,9.-).-,. 703 37 
71,365,208 00 809,798 20 



$95,795,663 00 $1,145,965 17 



150 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . . . ' . 



$11,161,414 47 
7,423,421 65 
1,317,042 00 
75,000 00 
502,015 61 
119,000 00 



TRADERS' AND MECHANICS' INSURANCE COMPANY, 

LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 

Paid-up Capital, $100,000. 

Levi Sprague, President. Secretary, Edward M. Tucke* 



Detailed Statement of Stocks, 



Boston and Lowell Railroad bonds . 
Lowell and Lawrence Railroad bonds 
Cook county bonds . 
10 sha 
10 

2 

7 

5 
20 
20 

4 

2 
34 
10 
10 
10 



es Boston and Lowell Railroad 
Stony Brook Railroad 
Merrimack Manufacturing Company 
Massachusetts Cotton Mills 
Lowell Manufacturing Company 
Bates Manufacturing Company 
Hill Manufacturing Company . 
Hamilton Manufacturing Company 
Appleton Manufacturing Company 
Prescott National Bank . 
Atlas National Bank 
Tremont National Bank . 
Merchants' National Bank 



Securities held as collateral for cash loans : — 



4 shares Connecticut Fire Insurance Co 
50 " Nashua and Lowell Railroad 
Lowell city bonds .... 
Boston and Lowell Railroad bonds . 
Lowell and Lawrence Railroad bonds 



Bonds, Etc. 

Par value. 

110,000 00 
6,000 00 
2,500 00 
5,000 00 
1,000 00 
2,000 00 
7,000 00 
3,450 00 
2,000 00 
2,000 00 
4,000 00 
2,000 00 
3,400 00 
1,000 00 
1,000 00 
1,000 00 



Market value. 

$11,500 00 
6,300 00 
2,650 00 
4,500 00 
1,050 00 
3,000 00 
8,050 00 
4,150 00 
2,850 00 
2,000 00 
4,200 00 
1,950 00 
4,420 00 
1,180 00 
1,180 00 
1,380 00 



153,350 00 $60,360 00 



Market value. Loaned thereon. 

$460 00 $400 00 

5,500 00 5,000 00 

13,300 00 10,000 00 



$19,260 00 $15,400 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $14,500 00 
Loans on mortgage of real estate (first liens) . 79,350 00 






1879.] 



AND FIRE-MARINE INS. COS. 



151 



Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule . 
Cash in the office of the company and in bank, 
Interest due and accrued .... 

Premiums in course of collection (net) . 
Personal loan . . . . 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



$60,360 00 




15,400 


00 




8,449 


25 




1,835 


70 




193 


65 




500 00 




— 




$180,588 60 



$2,500 00 
22,177 54 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

!Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents ...... 



24,677 54 

$155,911 06 
100,000 00 

$55,911 06 



^25,355 53 
818 24 



$24,537 29 

8,641 77 

564 71 



Gross Cash Income . . . . .... $33,743 77 



Expenditures. 

Cash paid for fire losses . . . . 
Cash dividends paid . . . . . 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 
Deduct risks expired and terminated 



$3,316,452 00 

. 2,356,772 00 

$5,673,224 00 

. 2,359,905 00 



$20,850 41 
8,000 00 
3,553 23 
2,750 80 
1,436 17 

$36,590 61 



Premiums. 

$47,981 74 
24,887 72 

$72,869 46 
28,514 37 



In force at end of year 

Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . 



,313,319 00 $44,355 09 



H57,994 7S 
277,396 9(5 
164,500 00 

8,000 00 

19,761 66 

5,300 00 



152 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

WASHINGTON FIRE AND MARINE INSURANCE COMPANY, 

'BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $400,000. 

Isaac Sweetser, President. Secretary, Benjamin Sweetser. 

Office, No. 38 State Street. 



Detailed Statement of Stocks, 

567 shares Columbian National Bank 

25 
100 
150 

50 

75 
120 
109 

31 
100 

74 

18 

15 

40 

10 



Continental National Bank 
Hamilton National Bank 
Merchants' National Bank 
Merchandise National Bank . 
National Bank of Commerce . 
National City Bank 
National Eagle Bank • . 
National Hide and Leather Bank 
National Revere Bank . 
State National Bank 
Suffolk National Bank . 
Washington National Bank . 
Norwich and Worcester Railroad 
Boston Gas-Light Company . 

United States bonds .... 

Boston city bonds . . . . 

Old Colony Railroad bonds 

Eastern Railroad bonds . 

Chicago, Burl., and Quincy Railroad bonds 

Union Pacific Railroad bonds . 

Cedar Rapids and Missouri River R.R. bonds 



Securities held as collateral for cash loans : 

320 shares Indian Orchard Mills 
10 ' ' Commercial Wharf Company . 
Union Pacific Railroad bonds . 



Bonds, Etc. 

Par value. 

156,700 00 

2,500 00 

10,000 00 

15,000 00 

5,000 00 

7,500 00 

12,000 00 

10,900 00 

3,100 00 

10,000 00 

7,400 00 

1,800 00 

1,500 00 

4,000 00 

5,000 00 

110,000 00 

110,000 00 

20,000 00 

61,500 00 

20,000 00 

20,000 00 

5,000 00 



Market value. 

181,789 75 

2,625 00 

11,600 00 

20,700 00 

4,950 00 

8,850 00 

14,070 00 

12,208 00 

3,448 75 

11,500 00 

8,639 50 

2,070 00 

1,935 00 

5,280 00 

6,950 00 

116,562 50 

127,600 00 

23,400 00 

50,737 50 

23,600 00 

21,700 00 

5,675 00 



$498,900 00 $565,891 00 



Market value. Loaned thereon. 

$33,600 00 $25,0: 00 

25,000 00 10,000 00 

3,345 00 2,000 00 



$61,945 00 $37,000 00 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*) . $62,500 00 
Interest due or accrued thereon . . . 1,246 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$53,600 00 
95,500 00 
68,000 00 



1879.] 



AND FIRE-MARINE INS. COS. 



153 



Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Columbian National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Gross Assets ..... 



1565,891 00 
37,000 00 
4,604 69 
79,263 53 
2,159 50 
12,134 13 
80,961 94 



$845,760 79 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Re-insurance ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$35,863 00 

132,337 72 

2,735 86 

1,131 00 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $100,081,50 

Deduct re-insurance and return premiums . 8,182 97 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums . $124,234 37 

Deduct re-insurance and return premiums . 18,112 74 

Net cash rec'd for marine and inland prems. . ■ 

Unpaid premium notes rec'd during the year . $63,199 20 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Income from profit and loss account . .... 

Gross Cash Income . . . . .... 



172,067 58 

$673,693 21 
400,000 00 

$273,693 21 



11,898 53 



106,121 63 

4,230 49 

30,440 18 

74 02 



232,764 85 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 
20 



,238 01 
1,937 48 



$54,812 66 
566 23 



$47,300 53 



54,246 43 

40,000 00 

19,982 64 

16,850 00 

6,138 55 

9,81 1 34 

$194,332 49 



154 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,* 1878 . $9,106,982 00 $103,984 49 
Fire risks written during 1879 . . 12,409,720 00 105,115 69 



Total ...... $21,516,702 00 $209,100 18 

Deduct risks expired and terminated . 10,609,030 00 90,644 10 



In force at end of year .... $10,907,672 00 $118,456 08 
Deduct amount re-insured . ... 87,08400 93869 



Net amount in force . . . . $10,820,588 00 $117,517 39 

Marine risks outstanding Dec. 31, 1878 . $2,890,192 00 $71,101 22 
Marine risks written during 1879 . . 7,389,669 00 105,189 64 



Total . . . . . . $10,279,861 00 $176,290 86 

Deduct risks expired and terminated ,. 6,972,36100 99,026 68 



In force at end of year .... $3,307,500 00 $77,264 18 
Deduct amount re-insured . . . 90,572 00 2,086 99 



Net amount in force . . . . $3,216,928 00 $75,177 19 

Miscellaneous. 

Premiums received from organization of company . $1,928,537 63 
Losses paid from organization of company .... 1,034,153 41 
Cash dividends declared from organization of company . 200,000 00 
Dividends declared during the year (10 per cent) . . . 40,000 00 
Fire losses incurred during the year ..... 59,481 53 
Marine and inland losses incurred during the year . . 51,688 43 
Company's stock owned by directors . .... 62,700 00 



1879.] 



AND FIRE-MARINE INS. COS. 



155 



AGGBEGATE. 



Capital Stock. 




Whole amount of outstanding capital actually paid up 






$7,300,000 00 


Assets. 




Gross present Assets . . . . 


113,490,987 00 


Liabilities. 




Gross present Liabilities ...... 


$3,454,537 00 


Income. 




Cash actually received for fire premiums 


$2,597,475 00 


actually received for marine premiums 


1,250,635 00 


for interest and dividends from all sources . 


567,856 00 


from all other sources ...... 


23,700 00 


Gross Cash Income 


$4,439,666 00 


Expenditures. 




Cash actually paid during the year for fire losses . 


$1,937,133 00 


actually paid during the year for marine losses . 


875,617 00 


for dividends to stockholders .... 


522,907 00 


for brokerage and commissions on premiums 


486,824 00 


for salaries and pay of officers and employes 


322,052 00 


for state and local taxes ..... 


134,630 00 


for office, agency, and incidental expenses . 


359,375 00 


Gross Cash Expenditures 


$4,638,538 00 


Miscellaneous. 




Whole amount of fire risks written during the year 


$319,462,287 00 


premiums charged or receivable thereon . 


3,235,947 00 


marine risks written during the year 


110,901,258 00 


premiums charged or receivable thereon . 


1,464,661 00 


fire risks terminated during the year 


298,143,702 00 


marine risks terminated during the year . 


103,401,295 00 


fire risks outstanding at end of year . 


353,967,377 00 


marine risks outstanding at end of year . 


28,791,987 00 


unpaid premium notes received during the year, 


273,928 00 


cash dividends declared during the year . 


5-23,750 00 


fire losses incurred during the year . 


2,103,029 00 


marine losses incurred during the year 


917,174 00 



FIRE, MABINE, AND JIBE-MARINE 
INSURANCE COMPANIES 

OF OTHEE STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1879. 



158 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



DETAILED STATEMENTS OP ASSETS AND LIABILITIES. 



vETNA INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business Aug. 19, 1819.] 
Paid-up Capital, $3,000,000. 

Lucius J. Hendee, President. Secretary, Jotham Goodnow. 



Detailed Statement of Stocks, Bonds, .Etc. 



United States bonds 

Alabama state bonds 

Canada Dominion stock . 

Connecticut state bonds . 

New Hampshire state bonds . 

Rhode Island state bonds 

South Carolina state bonds (consolidated) 

Tennessee state bonds 

Hartford county bonds . 

Hudson county (N.J ) bonds . 

Barkhamsted (Conn.) town bonds 

Hartford (Conn.) town bonds . 

Norwich (Conn.) town bonds . 

Norfolk (Conn.) town bonds . 

Danbury (Conn.) town bonds . 

Pawtucket (R.I.) town bonds 

Windsor Locks (Conn.) town bonds 

Middletown (Conn) town bonds 

Bloomington (111.) city bonds . 

Boston (Mass.) city bonds 

Brooklyn (N.Y.) city bonds . 

Buffalo (N.Y.) city bonds . . 

Cleveland (O. ) city bonds 

Cleveland (O.) city bonds 

Cincinnati (O.) city water bonds 

Chicago (111.) city bonds 

Detroit (Mich.) city bonds 



Par value. Market value. 

$372,000 00 $103,625 00 



10,000 00 
5,070 69 
74,500 00 
50,000 00 
91,000 00 
14,605 00 
31,000 00 
50,000 00 
25,000 00 
15,000 00 
50,000 00 

100,000 00 
26,000 00 
35,000 00 

100,000 00 
24,000 00 
60,000 00 
20,000 00 
50,000 00 
25,000 00 
50,000 00 
27,000 00 
80,000 00 
50,000 00 
50,000 00 
50,000 00 



5,000 00 
5,070 69 
79,715 00 
54,000 00 
98,280 00 
12,414 25 
9,610 00 
50,000 00 
25,000 00 
15,450 00 
58,800 00 
115,000 00 
26,780 00 
35,350 00 
115,000 00 
25,200 00 
64,200 00 
21,400 00 
56,000 00 
27,000 00 
54,000 00 
27,540 00 
84,800 00 
54,000 00 
55,000 00 
55,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



159 



Hartford (Conn.) city bonds . 

Indianapolis (Tnd.) city bonds 

Ironton (O.) city bonds . 

Jersey City (N.J.) city bonds . 

Lockport (N.Y.) city bonds . 

Montreal (Can.) corporation stock . 

Montreal (Can.) corporation bonds 

Newark (N.J.) city bonds 

New Brunswick (N.J.) city bonds . 

New York city stock 

Rahway (N.J.) city stock 

Titusville (Penn.) city school and water bonds 

Toledo (O.) city special bonds 

Toledo (O.) city water bonds . 

Brooklyn (N.Y.) city bonds . 

Rochester (N.Y.) city bonds . 

Oswego (N.Y.) city bonds 

East School District bonds, Vernon, Conn. 

West School District bonds, Vernon, Conn. 

School District, Town Woodbridge, N.J. 

Atlantic Dock Company bonds 

Albany and Susquehanna R.R. bonds 

Buffalo and Erie R.R. bonds . 

Cleve., Col., Cinn., and In'ap's R.R S. F. bonds, 

Cleve., Painesville, and Ashtabula R.R. bonds, 

Cleve. and Toledo R.R. Gen. S. F. bonds 

Chicago, Burl., and Quincy R.R. S. F. bonds 

Chicago and North- West. R.R. Istmort. bonds 

Cincinnati, Ham., and Dayton R.R. bonds 

Columbus and Xenia R.R. bonds . 

Dayton and Western R R. bonds . 

Harlem R. and P. Chester R.R. 1st mort. bonds 

Ilousatonic R.R. 1st mort. bonds . 

Indianapolis and Cincinnati R.R. bonds . 

Joliet and Chicago R.R. 1st S. F. mort. bonds, 

Keokuk and Des Moines R.R. Istmort. bonds, 

Lake Shore R R. bonds . . . . . 

Lake Shore and Mich. S. R.R. reg. S. F. bonds, 

Little Miami R.R. bonds . 

Michigan Central R.R. bonds. 

Michigan Southern and N. Indiana R.R. bonds, 

Morris and Essex R.R. 2d mort. bonds . 

Morris and Essex R.R. 1st consol. bonds 

New York Central R.R. bonds 

N. Y. Central and Hudson R. R.R. mort. bonds, 

New York and Harlem R. R. 1st mort. bonds . 

Pittsburg, Ft. Wayne, and Chicago R.R. bonds, 

Atlantic Mutual Insurance Company scrip 

50 shares Connecticut River Company . 



$124,000 00 
50,000 00 
10,000 00 
46,000 00 
25,000 00 
13,000 00 
10,000 00 
50,000 00 
32,000 00 
21,000 00 
45,000 00 
15,000 00 
13,000 00 
5,000 00 
25,000 00 
25,000 00 
25,000 00 
6,500 00 
2,000 00 
20,000 00 
31,000 00 
50,000 00 
15,000 00 
25,000 00 

100,000 00 
85,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 

150,000 00 
50,000 00 
25,000 00 
18,000 00 
40,000 00 
10,000 00 
12,000 00 
72,000 00 
50,000 00 
25,000 00 
25,000 00 
50,000 00 
75,000 00 

175,000 00 
10,000 00 

125,000 00 

33,700 00 

5,000 00 



$131,440 00 
54,000 00 
10,400 00 

45,080 00 
27,500 00 
13,390 00 
10,300 00 
55,000 00 
32,000 00 
22,680 00 
15,750 00 
15,750 00 
14,040 00 
5,500 00 
25,000 00 
27,500 00 
27,000 00 
6,500 00 
2,000 00 
20,000 00 
31,930 00 
53,500 00 
17,550 00 
28,750 00 

102,000 00 
92,650 00 
33,300 00 
55,000 00 
50,000 00 
52,000 00 
26,750 00 

174,000 00 
53,500 00 
25,500 00 
18,900 00 
37,200 00 
11,700 00 
12,360 00 
72,000 00 
58,500 00 
27,000 00 
28,000 00 
52,500 00 
78,750 00 

220,500 00 
12,500 00 

157,350 00 

33,760 00 

1,000 00 



160 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



500 shares Albany and Susquehanna R.R. Co 

144 » Central Ohio R R.,Co. . 

1,000 " Cleveland and Pittsburg R.R. Co 

150 " Connecticut River R.R. Co. . 

250 " Dubuque and Sioux City R.R. Co 

100 " Joliet and Chicago R.R. Co. 

158 " Keokuk and Des M. R.R. Co.,pref 

1,000 " Morris and Essex R.R. Co. . 

600 " N. Y. Cent, and H. Riv. R.R. Co 

1,000 " N. Y., N. H., and Hart. R.R. Co 

750 " Pittsb.,Ft.W.,andChic. R.R. Co 

500 " New York and Harlem R.R. Co. 

100 '> Ashuelot R.R. Co. 

100 " New Britain National Bank . 

67 " First National Bank, Albany 

220 " Farmers' and Mech. N'l B'k, Phila 

50 " Merchants' Bank, St. Louis . 

50 " Merchants' Nat'l Bank, St. Louis, 

200 " Mechanics' Nat'l Bank, St. Louis, 

200 " JEtna National Bank, Hartford . 

200 " American Nat'l Bank, Hartford . 

300 " Charter Oak Nat'l B'k, Hartford . 

200 " City National Bank, Hartford 

150 " Conn. Riv. Banking Co., Hartford, 

500 " National Exchange B'k, Hartford, 

420 " Farmers' and Mech. N'l B'k, H'tf'd, 

200 " First National' Bank, Hartford . 

800 " Hartford Nat'l Bank, Hartford . 

600 " Phoenix National Bank, Hartford, 

250 " State Bank, Hartford . 

400 " American Exch. Nat'l Bank, N.Y. 

300 " Nat'l Butch, and Drov. Bank, N.Y. 

100 " National City Bank, New York . 

300 " National Bank of Commerce, N.Y". 

100 " Hanover National Bank, N.Y. 

300 " Imp. and Traders' Nat'l B'k, N.Y. 

400 " Bank of the Manhattan Co., N.Y. 

100 " Market National Bank, New York, 

667 " Merchants' National Bank, N.Y. . 

160 " Merchants' Ex. Nat'l Bank, N.Y. 

1,200 " Mechanics' National Bank, N.Y. . 

375 " Metropolitan National Bank, N.Y. 

200 " Nassau Bank, New York 

267 " B'k of N. Y. Nat'l Banking Ass'n, 

200 " Bank of North America, N.Y. 

277 " Phenix National Bank, New York, 

400 " People's Bank, New York . 

150 " Nat'l Bank of the Republic, N.Y. 

320 " Union National Bank, New York, 



$50,000 00 

7,200 00. 
50,000 00 
15,000 00 
25,000 00 
10,000 00 
15,800 00 
50,000 00 
60,000 00 
100,000 00 
75,000 00 
25,000 00 
10,000 00 
10,000 00 

6,700 00 
22,000 00 

5,000 00 

5,000 00 
20,000 00 
20,000 00 
10,000 00 
30,000 00 
20,000 00 

4,500 00 
25,000 00 
42,000 00 
20,000 00 
80,000 00 
60,000. 00 
25,000 00 
40,000 00 

7,500 00 
10,000 00 
30,000 00 
10,000 00 
30,000 00 
20,000 00 
10,000 00 
33,350 00 

8,000 00 
30,000 00 
37,500 00 
20,000 00 
• 26,700 00 
20,000 00 

5,540 00 
10,000 00 
15,000 00 
16,000 00 



150,500 00 

5,760 00 
53,500 00 
21,000 00 
15,000 00 
11,000 00 

5,530 00 
51,000 00 
78,000 00 
155,000 00 
83,250 00 
38,750 00 
11,300 00 
11,000 00 

9,380 00 

26,400 00 

500 00 

4,250 00 
12,400 00 
23,000 00 
12,500 00 
38,400 00 
17,000 00 

5,100 00 
33,750 00 
49,560 00 
20,800 00 
120,000 00 
90,000 00 
27,500 00 
44,800 00 
.8,250 00 
22,000 00 
39,000 00 
12,000 00 
67,500 00 
29,600 00 
13,000 00 
41,687 50 

6,400 00 
42,000 00 
49,500 00 
17,000 00 
36,846 00 
18,000 00 

5,540 00 
11,000 00 
17,250 00 
23,200 00 



•1879.] 



INS. COS. OF OTHER STATES. 



161 



150 shares N, Y. Life Ins. and Trust Co., N.Y. $15,000 00 $54,000 00 



100 " United States Trust Co., N.Y. 
100 " Union Trust Company, N.Y. 
100 "." Central Trust Company, N.Y. 



Securities held as collateral for cash loans : 

42 shares Hartford Carpet Company 
5 " Phoenix National Bank . 



10,000 00 
10,000 00 
10,000 00 



33,000 00 
13,000 00 
11,500 00 



$4,888,225 69 $5,509,718 44 



Market value. Loaned thereon 

$10,290 00 
750 00 



\ 14, 



080 00 



$11,040 00 $4,080 00 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . $365,000 00 

Loans on mortgage of real estate (first liens*), 85,070 00 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company 

Cash deposited in -various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

Gross Assets . 
Deduct deposit in Canada 



Balance $6,973,713 80 



1,365 40 

5,509,718 44 

4,080 00 

10,136 84 

713,466 40 

619 80 

388,767 61 



$7,078,224 49 
104,510 69 



Liabilities. 

Losses adjusted, unpaid 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums ..... 

Gross Liabilities, except Capital 
Deduct liabilities on Canada deposit 



$66,941 59 

102,599 30 

30,575 00 

1,492,629 32 

929 10 

500 00 

37,398 83 

10,685 38 

51,742,258 52 
43,256 64 



1,699,001 88 



Surplus as regards policy-holders $5,274,711 92 

Paid-up Capital . 3,000,000 00 

Surplus over Capital $2,274,71192 

* Value of lands mortgaged $S2,ooo oo 

Value of buildings thereon 83,500 00 

Amount of insurance held ae collateral 50,0(M> 00 

21 



162 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . $2,230,352 70 

Deduct re-insurance and return premiums . 129,006 76 

Net cash received for fire premiums 

Cash received for inland premiums . . $126,489 40 

Deduct re- insurance and return premiums . 25,395 51 

Net cash received for inland premiums . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources . 

Income from rents .... 

Deposits received for perpetual fire risks 

Gross Cash Income 



)29 10 



$2,101,345 94 

101,093 89 

5,938 06 

345,111 92 

8,083 18 

^2,561,572 99 



Expenditures 
Cash paid for fire losses .... 
paid for inland losses 
dividends paid .... 
paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes 
for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1 879 

Total . 
Deduct risks expired and terminated 

In force at end of year . . . 
Deduct amount re-insured 

Net amount in force 

Inland risks outstanding Dec. 31, 1878 
Inland risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in forcce 



$277,462,380 
221,969,300 

$499,431,680 
225,393,356 



$1,224,430 09 

31,681 03 

600,000 00 

342,057 62 

148,597 04 

43,320 55 

121,326 70 

$2,511,413 03 



Premiums. 

00 $3,191,353 10 
00 2,230,352 70 

00 $5,421,705 80 
00 2,403,575 46 



$274,038,324 
1,519,165 



00 $3,018,130 34 
00 14,620 34 



$272,519,159 00 $3,003,510 00 



$118,500 
20,461,090 



00 $3,256 01 

00 126,489 40 



20,579,590 
20,216,040 



00 $129,745 41 
00 113,130 62 



. $363,550 
. 22,000 



00 $16,614 79 
00 868 58 



$341,550 00 $15,746 21 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company, 



$82,544,889 99 
51,030,392 06 
10,903,365 00 



1879.] 



INS. COS. OF OTHER STATES. 



163 



Dividends declared during the year (20 per cent) 
Fire losses incurred during 1 the year 
Inland losses incurred during the year . 
Company's stock owned by directors 



$600,000 00 

1,204,271 73 

51,581 28 

255,800 00 



ALBANY INSURANCE COMPANY, ALBANY, N.Y. 

[Incorporated March 8, 1811. Re-organized June 1, 1851.] 

Paid-up Capital, $200,000. 

Harmon Pumpelly, President. Secretary, Theodore Townsend. 



Detailed Statement op 

United States bonds 

Albany city bonds . 

Syracuse city bonds 

Poughkeepsie city bonds 

Chicago city bonds . 

Jersey city bonds . 

Watervliet town and railroad bonds 

New York Central Railroad bonds . 

Buffalo and Erie Railroad bonds 



Stocks, Bonds, Etc. 

Par value. Market value. 

$300,000 00 $315,475 00 

20,000 00 24,000 00 

5,000 00 5,700 00 

5,000 00 5,600 00 

5,000 00 5,000 00 

5,000 00 5,000 00 

15,000 00 15,500 00 

15,000 00 15,450 00 

5,000 00 5,800 00 



Securities held as collateral for cash loans : — 
Long Dock Company bonds .... 



$375,000 00 $397,525 00 

Market value. Loaned thereon. 

$1,120 00 $750 00 



Summary of Assets Dec. 31, 1879. 



Bonds, as per schedule ..... 
Loans on collateral security, as per schedule . 
Cash in the office of the company . 
Cash deposited in New York State Nat'l Bank, 
Interest due and accrued .... 

Premiums in course of collection (net) . 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid . 
Losses claimed and reported . 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



Surplus over Capital 



$397,525 00 

750 00 

2,567 66 

18,039 80 

887 91 

23 55 



$861 75 
6,150 00 



$419,793 92 



$7,011 75 
30 00 

$6,981 75 
33,283 12 



- 40,264 87 

. $379,529 05 

. 200,000 00 

. $179,529 05 



164 FIRE, MARINE, AND FIRE-MARINE [Dec. 31; 



-Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Profit from sale of bonds, etc. 

Gross Cash Income ..... 



161,202 53 
4,386 60 



$56,815 93 

19,102 81 

4,098 75 



$80,017 49 



Expenditures. 

» 

Cash paid for fire losses ..... 

Deduct salvage and re-insurance 

Net cash paid for fire losses .... 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 

Gross Cash Expenditures 



$43,750 04 
308 81 



$43,441 23 

30,000 00 

6,284 47 

9,990 94 

1,227 12 

$90,943 76 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

^8,793,982 00 $66,233 78 
8,952,859 00 61,226 08 



$17,746,841 00 $127,459 86 
. 8,437,347 00 61,190 28 



$9,309,494 00 $66,269 58 
. 321,125 00 1,266 75 



5,988,369 00 $65,002 83 



Miscellaneous. 

Premiums received from organization of company . $1,701,680 00 

Losses paid from organization of company .... 628,470 23 

Cash dividends declared from organization of company . 760,000 00 

Dividends declared during the year (15 per cent) . . . 30,000 00 

Fire losses incurred during the year ..... 47,169 22 

Company's stock owned by directors 37,480 00 



1879.] 



INS. COS. OF OTHER STATES. 



165 



AMERICAN INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000* 

S. G. Gould, President. Secretary, Fred H. Harris. 



Summary of Assets Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens f), 
Interest due or accrued thereon 
United States bonds 
Cash in the office of the company 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Rents due and accrued . 
Company's own scrip . . $98,000 00 
Premiums more than 3 months due, 2,547 17 
Gross Assets . . . 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risk* 
Dividends to scripholders unpaid 
Commissions and brokerage . 
Dividends to policy-holders 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



31, 1879. 

$283,792 91 

716,783 29 

21,658 02 

361,375 00 

4,719 43 

50,874 79 

12,957 91 

1,426 83 



$8,546 50 

98,765 86 

4,291 05 

2 ; 470 54 

21,106 00 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $169,949 52 

Deduct re-insurance and return premiums . 9,191 32 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages . 
Interest and dividends received from all other sources . 

Income from rents . . . . . .... 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses . 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



r 2,417 83 
731 02 



,453,588 18 



135,179 95 



1,318,408 23 
600,000 00 



$718,408 23 



$160,758 20 

54,483 17 

22,318 11 

9,442 02 

$247,001 50 



$71,686 81 



* Represented by scrip pledged to meet losses. 



t Total value of property mortgaged 
Amount of insurance held as collateral 



$2,139,900 00 
900,945 00 



166 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends paid scripholders 
Cash dividends paid policy-holders .* 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$59,765 25 

19,940 00 

22,121 52 

28,404 84 

5,831 36 

3,909 01 

$211,658 79 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$25,604,381 00 $196,018 60 
25,418,783 00 165,970 93 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$51,023,164 00 $361,989 53 
24,714,535 00 163,792 00 



$26,308,629 00 $198,197 53 
437,975 00 3,206 37 



$25,870,654 00 $194,991 16 



Miscellaneous. 

Premiums received from organization of company . $2,970,887 42 

Losses paid from organization of company .... 740,155 86 

Cash dividends declared from organization of company . 955,506 26 

Dividends declared during the year (10 per cent) . . . 60,000 00 

Fire losses incurred during the year ..... 78,142 20 

Company's stock owned by directors . ■. 27,710 00 



AMERICAN CENTRAL INSURANCE COMPANY, 
ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $300,000. 

George T. Cram, President. Secretary, James Newman. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market A'alue, 

United States bonds $200,000 00 $244,000 00 

Missouri state bonds 400,000 00 426,000 00 



$600,000 00 $670,000 00 

Summary of Assets Dec. 31, 1879. 

Bonds, as per schedule $670,000 00 

Cash deposited in Bank of Commerce . . 58,101 43 

Premiums in course of collection (gross) . 53,281 55 

Gross Assets $781,382 98 



1879.] 



INS. COS. OF OTHER STATES. 



167 



Liabilities. 

Losses adjusted, unpaid . . . . . $21,465 13 

claimed and reported . . . . 14,895 00 

disputed or resisted .... 3,000 00 

Total amount of losses . . . ' . . $39,360 13 
Less re-insurance . . . . . . 1,659 65 

Net amount of unpaid losses .... 137,700 48 

Unearned premiums on outstanding risks . 203,635 15 

Dividends to stockholders unpaid . . . 1,465 75 

Commissions and brokerage .... 7,992 23 

Gross Liabilities, except Capital . . — — 

Surplus as regards policy-holders 
Paid-up Capital ..... 

Surplus over Capital 

Income. 

Cash received for fire premiums . . . $407,212 99 
Deduct re-insurance and return premiums . 61,873 48 

Net cash received for fire premiums . . — - 

Interest and dividends received from all sources 

Income from rents ......... 

Gross Cash Income ........ 

Expenditures. 

Cash paid for fire losses $219,162 00 

Deduct salvage and re-insurance - . . . 16,284 62 

Net cash paid for fire losses 

Cash paid for marine and inland losses * 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



$250,793 61 

. $530,589 37 
. 300,000 00 

. $230,589 37 



$345,339 51 

38,365 06 

563 53 

$384,268 10 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$27,482,112 00 
29,832,396 00 

$57,314,508 00 
29,232,335 00 



28,082,173 00 
1,645,049 00 



$202,877 38 
42,335 36 
41,700 00 
57,135 10 
32,124 98 
8,847 47 
32,991 86 

$418,012 15 

Premiums. 

$374,747 13 
420,831 64 

$795,578 77 
305,109 76 

$430,469 01 
27,122 78 



$20,437,124 00 $403,346 23 



* Occurred in 1864. 



168 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (14 per cent) . 
Fire losses incurred during the. year . .;■'••. 
Company's stock owned by directors . . . 



$5,416,553 54 

3,038,977 13 

236,537 70 

42,000 00 

216,553 96 

50,750 00 



AMERICAN EXCHANGE FIRE INSURANCE COMPANY, 

NEW YORK, N.Y. 

[Incorporated Feb. 28, 1859. Commenced business March 1, 1859.] 

Paid-up Capital, $200,000. 

Henry Butler, President. Secretary, William Raynor, 



Detailed Statement of Stocks, Bonds, Etc* 



Par value. 



Market value. 



United States bonds . . 
227 shares American Exchange Bank 
100 " Fourth National Bank . 
50 " Central National Bank . 
2C0 " Lake Shore and Michigan So 
100 " Michigan Central Railroad 



R.R 



1148,000 00 $155,375 00 

22,700 00 25,878 00 



10,000 00 

5,000 00 

20,000 00 

10,000 00 



10,500 00 
5,375 00 

20,050 00 
9,000 00 



1215,700 00 $226,178 00 



Securities held as collateral for cash loans: — 



Erie Railroad bonds .... 
Central Park and Crosstown Railroad bonds 
450 shares Firemen's Trust Insurance Co. 
100 " Williamsburg Gas Company . 
Williamsburg Gas Company scrip . 

49 shares N. York and N. Haven R R. Co. 

52 " Central National Bank . 
100 " Chicago and Canada Southern R.R 



Market value. Loaned ihereon. 

$2,000 00 
3,900 00 
4,950 00 
7,500 00 
1,000 00 
7,840 00. 
5,500 00 
6,600 00 



[> $19,100 00 



3,750 00 
2,000 00 



$39,290 00 $24,850 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 



$20,500 00 



Loans on mortgage of real estate (first liens*), 9,300 00 

Interest due or accrued thereon . . . 217 00 

Stocks and bonds, as per schedule . . . 226,178 00 

Loans on collateral security, as per schedule . 24,850 00 



* Value of lands mortgaged . $8,000 00 

Value of buildings tbereon 13,000 00 

Amount of insurance held as collateral 10,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



169 



Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued . 
Premiums more than 3 months due, $368 25 
Gross Assets ...... 



$55 82 
3,938 43 

895 44 

3,893 04 

12 50 



$289,840 23 



Liabilities. 



Losses claimed and reported 
Less re-insurance 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . 



$10,335 00 
5,501 25 

$4,833 75 

20,501 41- 

825 00 

458 33 

676 03 



Surplus over Capital . . . .-..,•. 

Income. 

Cash received for fire premiums . . . $46,695 40 

Deduct re-insurance and return premiums . 7,120 71. 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums . $3,516 34 

Deduct re-insurance and return premiums . 1,554 75 

Net cash rec'd for marine and inland prems. . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents . . . . . 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid ... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures . 

22 



,556 53 
510 75 



27,294 52 

^262,545 71 
200,000 00 

$62,545 71 



$39,574 69 



1,961 59 

651 00 

16,017 97 

81 25 

$58,286 50 



$11,045 78 
1,515 23 

20,007 50 
3,509 35 

15,900 00 
2,568 27 
7,823 86; 

. $62 r 3G9. 99 



170 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks .written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



Premiums. 

$33,973 84 
46,638 92 



$10,169,894 00 
11,219,596 00 

$21,389,490 00 
11,346,371 00 

$10,043,119 00 
. 408,183 00 

$9,634,936 00 $38,092 31 



,612 76 
40,175 73 

$40,437 03 
2,344 72 



1,250 00 
110,250 00 

$208,500 00 
139,250 00 



12,878 50 

3,516 34 

$6,394 84 

4,433 25 



$69,250 00 $1,961 59 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors ... 



,350,188 00 

520,469 00 

285,000 00 

20,000 00 

13,880 00 

1,515 00 

60,700 00 



AMERICAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 30, 1857. Commenced business May 1, 1857.] 

Paid-up Capital, $400,000. 

James M. Halsted, President. Secretary, Thomas L. Thornell. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$500,000 00 $526,750 00 
50,000 00 52,500 00 



United States bonds .... 
Delaware and Hudson Canal Company bonds 
133 shares Delaware and Hudson Canal Co. 



900 
400 
100 
200 
40 
100 



Harlem Gas-Light Company . 
Rensselaer and Saratoga Railroad 
National Bank of Commerce . 
American Exchange Nat'l Bank 
Nat'l Bank of State of New York 
Mercantile Trust Company 



13,300 00 
45,000 00 
40,000 00 
10,000 00 
20,000 00 
4,000 00 
10,000 00 



9,842 00 
22,500 00 
45,000 00 
13,500 00 
22,600 00 
4,600 00 
7,500 00 



$692,300 00 $704,792 00 



1879.] INS. COS. OF OTHER STATES. 

Securities held as collateral for cash loans : — 



United States bonds .... 

25 shares Equitable Life Assurance 
200 " Pacific Fire Insurance Company- 
United States bonds .... 
104 shares Bank of State of New York . 

10 " American Exchange Nat'l Bank 
Union Pacific Railroad bonds . .".'.. 



171 



Market value. 


Loaned thereon. 


$3,210 00 


13,000 00 


3,750 00 


2,500 00 


10,100 00 


8,500 00 


. V 23,790 00 


20,000 00 


3,450 00 


2,600 00 



$44,300 00 $36,600 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $158,220 00 

2,115 09 

704,792 00 

36,600 00 

9,665 65 

48,539 98 

284 79 

12,199 06 



Interest due or accrued thereon 

Stocks and bonds, as per schedule . 

Loans on collateral security, as per schedule . 

Cash in the office of the company . 

Cash deposited in Leather Manuf . Nat'l Bank, 

Interest due and accrued .... 

Premiums in course of collection (gross) 

Gross Assets f . . . . . . ■ 

Liabilities. 

Losses claimed and reported .... $11,677 32 

Unearned premiums on outstanding risks . 75,107 08 

Unpaid scrip ordered to be redeemed . . 3,473 00 

Interest due or accrued on scrip . . . 2,444 85 

Accrued for rent . . • . . . 1,666 66 

Commissions and brokerage .... 1,697 87 

Return premiums . . . . . . 62 41 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards policy-holders . . . . ' . 

Paid-up Capital $400,000 00 

Scrip outstanding, not ordered to be redeemed, 304,521 00 



Surplus over Capital and Scrip 

Income. 

Cash received for fii>e premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 



$157,440 22 
16,552 11 



$972,416,57 



96,129 19 

$876,287 38 



704,521 00 

$171,766 38 



$140,888 11 
10,891 13 



* Value of lands mortgaged $153,500 00 

Value of buildings thereon 226,000 00 

Amount of insurance held as collateral 170,600 00 

t Including $200,000 special reserve fund held under New York law. 



172 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest and dividends received from all other sources 
Income from exchange . . . - . . 

Gross Cash Income . . . . . 



. |42,489 17 
1,270 12 

. $195,538 53 



Expenditures 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid 

Cash paid for redemption of scrip . 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures 



$117,741 97 
39,235 68 



$78,506 29 

42,000 00 

3,075 00 

1,066 75 

18,630 67 

33,964 06 

5,927 09 

19,141 16 

$202,311 02 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Fremiums. 

$34,338,845 00 $125,448 85 
50,426,033 00 137,671 57 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$84,764,878 00 $263,120 42 
44,458,214 00 105,209 89 



$40,306,664 00 $157,910 53 
2,958,511 00 8,682 56 



^37,348,153 00 $149,227 97 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10^ per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors . ... 



$3,368,460 00 
973,770 00 
844,000 00 
42,000 00 
124,217 03 
137,250 00 



1879.J 



INS. COS. OF OTHER STATES. 



173 



AMERICAN FIRE INSURANCE COMPANY, PHILADELPHIA, 

PENN. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $400,000. 

Thomas R. Maris, President. Secretary, Albert C. L. Crawford. 



Detailed Statement of Stocks, 



United States bonds .... 
Lehigh Coal and Navigation Company bonds 
Cincinnati city bonds .... 
Shamokin Val. and P. R.R. 1st mort. bonds 
North Pennsylvania Railroad 1st mort. bonds 
Harrisburg, P., Mt. Joy, and L. R.R. bonds 
Delaware Division Canal Company bonds 
Pennsylvania Railroad bonds . 
Chesapeake and Delaware Canal Co. bonds 
Delaware Railroad Company bonds 
Susquehanna Canal Company bonds 
Philadelphia and Reading Railroad bonds 
Schuylkill Navigation Company bonds . 
Tennessee state bonds . 
Del. and R. Canal and Camden and Amboy 

Railroad and Transportation Co. bonds 
Philadelphia, Wil., and Bait. Railroad bonds 
Elmira and Williamsport Railroad bonds 
American Steamship Company loan 
100 shares North Pennsylvania Railroad Co. 
100 " Pennsylvania Railroad Company 



Securities held as collateral for cash loans: 

Lehigh Coal and Navigation Company bonds 
Missouri state bonds .... 
Lehigh Valley Railroad'bonds 

25 shares Nesquehoning Valley Railroad 
196 " Lehigh Valley Railroad . 
Lehigh Valley Railroad bond ... 
Charleston (S.C.) Mining Company bonds 
390 shares Pennsylvania Railroad Company 

72 " Charleston Mining Company . 
312 " Perm, and N. Y. Canal and R.R. 
200 " Lehigh Valley Railroad . 

60 " Pennsylvania Railroad . 

32 " Lehigh Valley Railroad . 

32 " Farmers' Rank of Lancaster . 



Bonds, Etc 

Par value. 

$440,000 00 

40,000 00 

30,000 00 

20,000 00 

18,000 00 

10,000 00 

15,000 00 

50,000 00 

10,000 00 

5,000 00 

7,000 00 

2,100 00 

13,225 00 

24,000 00 

24,000 00 

10,000 00 

1,000 00 

15,000 00 

5,000 00 

5,000 00 



Market value. 

-1458,050 00 

43,400 00 

36,225 00 

21,400 00 

19,990 00 

10,600 00 

13,500 00 

55,400 00 

8,300 00 

5,500 00 

3,500 00 

1,890 00 

13,244 50 

7,200 00 

26,640 00 

11,000 00 

850 00 

15,187 50 

5,000 00 

5,100 00 



$744,325 00 $761,977 00 



Market value. 

$2,060 00 
1,080 00 
3,712 50 
1,325 00 

10,290 00 
2,000 00 
8,015 00 

19,890 00 
2,880 00 

31,200 00 

10,500 00 
3,060 00 
1,680 00 
2,560 00 



Loaned thereon. 

$1,637 87 
- 4,000 00 

' 7,000 00 

6,000 00 
20,000 00 

25,000 00 
10,000 00 

1,000 00 
1,400 00 



$100,252 50 $76,037 87 



174 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 



. $174,424 17 



Loans on mortgage of real estate (first liens*), 337,139 50 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) . 

Rents due and accrued . . 

Gross Assets . . ... 

Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



7,697 39 

761,977 00 

76,037 87 

713 37 

82,622 44 

5,628 -28 

16,971 58 

395 66 



$2,099 89 

24,505 00 

2,000 00 

$28,604 89 
1,500 00 

$27,104 89 

172,877 40 

267,786 90 

680 00 

565 00 

5,783 88 



-$1,463,607 26 



474,798 07 



,809 19 
400,000 00 

$588,809 19 



$326,333 65 

29,045 97 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . * 

Interest received on bonds and mortgages . 
Interest and dividends received from all other sources . 

Income from rents, surveys, etc. . . . . . . 

Deposits received for perpetual fire risks . $6,302 75 

Gross Cash Income ........ 



$297,287 68 

23,229 06 

39,543 77 

4,203 25 

$364,263 76 



Cash paid for fire losses 
Cash dividends paid 



Expenditures. 



$145,563 45 
40,435 00 



* Value of Lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$305,650 00 
549,400 00 
280,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



175 



Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Deposits returned on perpetual fire risks 

Gross Cash Expenditures 

Risks and Premiums. 



$7,379 00 



$115 80 
92,944 71 
11,736 06 

5,888 54 

$296,683 56 



Fire risks outstanding- Dec. 31, 1878 
Fire risks written during 1879 

Total ...... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force . 



Premiums. 

$29,936,040 00 $300,992 85 
36,389,526 00 335,086 18 



$66,325,566 00 $636,079 03 
33,869,583 00 309,483 56 



$2,455,983 00 $326,595 47 
204,239 00 1,733 50 



$32,251,744 00 $324,861 97 
$10,855,621 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



56,556,774 11 
4,195,019 71 
2,052,975 50 

40,000 00 
161,791 25 

19,900 00 



ATLANTIC FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R.I. 

[Incorporated May, 1852.. Commenced business June, 1852.] 

Paid-up Capital, $200,000. 

J. S. Parish, President. Secretary, T. W. Haywakd, Jun. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

200 shares National Bank of Commerce . . $10,000 00 $9,600 00 

12,000 00 10,800 00 

5,650 00 6,328 00 

20,000 00 18,000 00 

10,000 00 11,400 00 

16,900 00 19,435 00 

1,000 00 900 00 

1,100 00 1,232 00 



120 
113 
200 
200 
169 
10 
11 



Northern Bank 
Weybosset National Bank 
First National Bank 
Merchants' National Bank 
Fourth National Bank . 
Rhode Island Safe Deposit Co. 
American Exchange Nat'l Bank 



$76,650 00 $71,095 00 



176 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 
Stocks, as per schedule .... 
Cash in the office of the company . 
Cash deposited in Fourth National Bank 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 

Liabilities. 

Losses adjusted, unpaid . . . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. . 
Due for borrowed money 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . , 
Paid-up Capital ..... 



$152,280 26 

77,695 00 

649 05 

10,270 17 

9,875 90 

4,265 68 



$1,016 29 

1,550 00 

990 00 

27,613 09 

160 00 

122 81 

5,951 67 

2,887 55 



$255,036 06 



- 40,291 41 

. $214,744 65 
. 200,000 00 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . . $48,961 11 
Deduct re-insurance and return premiums . 5,966 41 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $6,577 09 
Deduct re-insurance and return premiums . 1,513 74 

Net cash rec'd for marine and inland prems. . ■ 

Interest and dividends received from all sources 

Income from rents ......... 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for state and local taxes . 
for interest on borrowed money 
for expenses on real estate 

Gross Cash Expenditures 



$14,744 65 



$42,994 70 



5,063 35 

3,993 42 

10,245 84 

$62,297 31 



$33,452 68 
7 16 



$33,445 52 
1,147 47 
5,946 50 
7,896 97 
12,149 66 
1,839 66 
1,012 00 
4,061 16 

,498 94 



1879.] 



INS. COS. OF OTHER STATES. 



177 



RrsivS and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . . . 
Deduct risks expired and terminated 

In force at end of year . . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 187*9 . 

Total 

Deduct risks expired and terminated 



$3,817,258 00 

. 4,730,478 00 

$8,547,736 00 
. 4,300,350 00 

$4,247,386 00 
45,575 00 



Premiums. 

$50,901 53 
48,961 11 

$99,862 64 
45,706 55 

$54,156 09 
563 94 



$1,201,811 00 


$53,592 15 


. $15,200 00 


$60 32 


. 1,102,840 00 


6,577 09 



$1,118,040 00 
. 1,001,514 00 

. $116,526 00 



In force at end of year 

Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (3 per cent) . 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$6,637 41 
5,726 78 

$910 63 

^3,016,367 46 

2,313,671 73 

329,000 00 

6,000 00 

20,164 73 

147 47 

56,300 00 



ATLANTIC MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated April 11, 1842. Commenced business April 11, 1842.] 

John D. Jones, President. Secretary, Joseph H. Chapman. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value.* 



American Exchange Bank stock 

Bank of America stock .... 

Bank of Commerce stock 

Bank of New York stock 

Leather Manufacturers' Bank stock 

Merchants' Bank stock . 

Mechanics' Bank stock .... 

Manhattan Company Bank stock 

Market Bank stock ..... 

Metropolitan Bank stock 

Phenix Bank stock ..... 

Union Bank stock ..... 

Delaware and Hudson Canal Company bonds 

New York Central Railroad bonds . 

Brooklyn city bonds .... 

Jersey city bonds ..... 



$40,000 00 
90,000 00 
20,000 00 
43,000 00 
15,600 00 
65,150 00 
45,900 00 
8,550 00 
25,000 00 
33,700 00 
24,440 00 
32,000 00 
87,000 00 
39,000 00 
122,000 00 
100,000 00 



$36,000 00 
90,000 00 
20,000 00 
43,000 00 
15,600 00 
65,150 00 
45,900 00 
8,550 00 
22,500 00 
33,700 00 
17,108 00 
32,000 00 
78,300 00 
33,150 00 

109,800 00 
90,000 00 



23 



* H.sti mated for purpose of permanent investment. 



178 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Kings county bonds 
New York city and county bonds 
District of Columbia bonds . 
New York state bonds . 
United States bonds 



$10,289,940 00 $8,875,558 00 



$23,000 00 

400,600 00 

310,000 00 

45,000 00 



$20,700 00 

380,600 00 

186,000 00 

45,000 00 



8,720,000 00 7,502,500 00 



Securities held as collateral for cash loans 

Importers' and Traders' Bank stock 
Delaware, Lackawanna, and West. R.R. stock 
Howard Fire Insurance Company stock 
Niagara Fire Insurance Company stock 
Grand River Valley Railroad bonds 
Farmers' Loan and Trust Company bonds 
Erie Railroad Company bonds 
Central Railroad of New Jersey bonds . 
Louisville and Nashville Railroad bonds 
Bank of New York stock 
Panama Railroad Company . 
Union Pacific Railroad Company stock . 
Chicago, Rock Island, and Pac. R.R. stock 
Chicago, Milwaukee, and St. Paul R.R. stock, 
New York Central and H. R. Railroad stock, 
United States bonds ..... 
United States bonds ..... 
New York, Lake Erie, and Western R.R. bonds, 
Indianapolis and Cincinnati R.R. bonds 
Pennsylvania Coal Company bonds 
Pennsylvania Coal Company stock 
Lake Shore and Michigan Southern R.R. stock, 
Chicago, Milwaukee, and St. Paul R.R. stock, 
Union Pacific Railroad stock 
New York Central and II. R. R.R. stock 
Western Union Telegraph Company 
United Railroad Co. of New Jersey stock 
Tradesmen's Bank stock 
Chicago and Alton Railroad Company stock 
Erie Railroad Company stock 
Del., Lackawanna, and West R.R. Co. stock 
Philadelphia and Reading R.R. Co. stock 
Missouri Pacific Railroad Company bonds 
Milwaukee and St. Paul Railroad Co. bonds, 
N. Y., Lake Erie, and Western R.R. Co. bonds, 
Chicago, Mil., and St. Paul R.R. Co. stock . 
Illinois Central Railroad Company stock 
Lake Shore and Michigan So. R.R. Co. stock, 
Louisville and Nashville Railroad Co. stock . 
Union Pacific Railroad Company stock . 



Market value. Loaned thereon . 

$20,000 00 $10,000 00 



1 



20,460 00 16,000 00 



J 



32,500 

11,500 

2,080 

1 000 

6,160 

99,000 

170,000 

18,750 

20,000 

117,000 

207,000 

2,060 

8,600 

18,000 

30,250 

11,250 

157,600 

67,500 

17,000 

13,000 

20,000 

7,380 

5,148 

4,545 

12,600 

12,600 

7,100 

32,500 

1,000 

94,600 

10,000 

140,000 

9,400 

85,000 

8,500 



00 

001 

00 

00 

00 

oo r 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 [ 

00 ' 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 



10,000 00 



270,000 00 



300,000 00 
1,900 00 



300,000 00 



y 300,000 oo 



$1,501,083 00 $1,207,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



179 



Summary of Assets Dec 

Cash value of unencumbered real estate 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash deposited in Phenix National Bank 
Notes taken for marine and inland risks 
Cash in hands of English bankers, etc . 
Gross Assets ..... 



31, 1879. 

-$250,000 00 

8,875,558 00 

1,207,900 00 

331,455 16 

1,522,826 35 

250,000 00 



•$12,437,739 51 



Liabilities. 

Losses adjusted, unpaid .... $109,981 84 

claimed and reported .... 1,506,600 47 
disputed or resisted .... 508,000 00 
Unearned premiums on outstanding risks . 1,495,947 23 
Unpaid scrip ordered to be redeemed . . 215,000 00 
Interest due or accrued on scrip . . . 38,000 00 
Return premiums . . . . . . 168,521 85 

Miscellaneous 13,500 89 

Gross Liabilities, except Scrip . . — 

Surplus as regards policy-holders . . . 

Scrip outstanding ......... 



Surplus over Scrip 



4,055,552 28 

. $8,382,187 23 
. 6,642,580 00 

. $1,739,607 23 



Income. 

Cash received for marine and inland prems. $3,745,555 41 
Deduct re-insurance and return premiums . 582,700 18 

Net cash rec'd for marine and inland prems. $3,162,855 23 

Unpaid prem. notes rec'd during the year, $1,742,467 80 

Interest and dividends received from all sources . . . 608,016 99 

Income from rents ........ 14,500 00 



Gross Cash Income 



. $3,785,372 22 



Expenditures 

Cash paid for marine and inland losses 
Cash paid for redemption of scrip 
Interest paid scripholders 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes 

for incidentals 



H, 524,331 04 

2,172,230 00 

464,527 00 

16,825 00 

319,893 73 

25,631 76 

18,557 55 



Gross Cash Expenditures 



:, 541, 996 08 



180 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec 31, 1878 
Marine risks written during 1879 . 



Risks and Premiums. 

Premiums. 

176,266,797 00 11,671,981 91 
282,419,173 00 3,699,066 58 



Total 

Deduct risks expired and terminated 

In force at end of year . 



$358,685,970 00 $5,371,048 49 
278,779,986 00 3,875,101 26 



Miscellaneous 

Scrip dividends declared during the year 



$79,905,984 00 $1,495,947- 23 
. $1,083,540 00 



BUFFALO INSURANCE COMPANY, BUFFALO, N.Y. 

[Incorporated July 15, 1874. Commenced business July 17, 1874.] 

Paid-up Capital, $200,C00. 

Pascal P. Pratt, President. Secretary, Edward R. Smith. 

Summary of Assets Dec. 31, 1879. 



United States bonds ..-.-. 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Re- insurance due . 

Treasury warrants ..... 
Gross Assets 



Liabilities. 



Losses claimed and reported 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 



$207,000 00 

501 08 

46,438 75 

2,000 00 

4,903 54 

3,510 00 

1,357 77 

425 75 



$11,305 00 

1,828 00 

$9,477 00 
35,686 40 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $77,751 41 

Deduct re-insurance and return premiums . 11,277 46 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $96,465 51 

Deduct re-insurance and return premiums . 39,599 12 

Net cash received for marine and inland prems. 



$266,136 89 



- 45,163 40 

. $220,973 49 
. 200,000 00 



$20,973 49 



$66,473 95 



56,866 39 



1879.] INS. COS. OF OTHER STATES. 181 

Unpaid premium notes rec'd during the year . $8,413 54 

Interest and dividends received from all sources . . . $11,324 25 

Gross Cash Income $134,664 59 



Expenditures. 
Cash paid for fire losses . . . 
Deduct salvage and re-insurance : 
Net cash paid for fire losses 
Cash paid for marine and inland losses 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



Risks and Premiums. 



$54,891 05 
2,189 96 

$58,945 18 
26,646 06 



$52,701 09 



32,299 12 

25,000 00 

25,245 42 

5,000 00 

2,911 73 

7,123 29 

$150,280 65 



Fire risks outstanding Dec. 31, 1878, 
Fire risks written during 1879 

Total 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

57,204,278 00 $73,262 41 
8,958,511 00 75,567 37 



$16,162,789 00 $148,829 78 
. 9,014,722 00 79,922 95 



$7,148,067 00 $68,906 83 
. 205,532 00 2,348 13 



$6,942,535 00 $66,558 70 

. $120,655 00 $5,989 21 

16,612,050 00 92,990 56 

$16,732,705 00 $98,979 77 

16,514,245 00 89,216 29 

. $218,460 00 $9,763 48 

. 111,733 00 5,031 38 

. $106,727 00 $4,732 10 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12} per cent) 
Fire losses incurred dining the year . . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . . . . 



33,883 35 
480,646 35 
95,000 00 
25,000 00 
56, 678 87 
25,7(52 19 
113,000 00 



182 FIBE, MARINE, AND FIRE-MARINE [Dec. 31, 



BUFFALO GERMAN INSURANCE COMPANY, BUFFALO, N.Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

Philip Becker, President. Secretary, Oliver J. Eggert. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds ..... $273,000 00 $282,305 00 
Lake Shore and Michigan Southern R.R. b'ds, 25,000 00 25,000 00 
^Etna Insurance Company, New York . . 10,000 00 9,000 00 
City warrants 624 00 624 00 



$308,624 00 $316,929 00 



Securities held as collateral for cash loans: — 

Citizens' Gas Company bonds 

Third National Bank (Buffalo) stock 

German Bank (Buffalo) stock 

Toledo city water bonds ..... 



Market value. Loaned thereon. 

$20,930 00 $20,000 00 

' 5,000 00 ) 
6,000 00 \ 10 ' 00000 
1,080 00 1,000 00 



$33,010 00 $31,000 00 



Summary of Assets Dec. 31, 1879. 



Cost value of unencumbered real estate 



$275,000 00 



Loans on mortgage of real estate (first liens*),. 33,970 00 



Interest due. or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued . 

Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Rents due and accrued . . 
Gross Assets \ . 



327 00 

316,929 00 

31,000 00 

1,919 07 

89,566 80 

437 50 

26,407 74 

4,672 53 

832 82 



$781,062 46 



Liabilities. 

Losses adjusted, unpaid . . . . . $2,439 09 

claimed and reported . . 10,734 60 

disputed or resisted .... 3,705 00 

Unearned premiums on outstanding risks . 139,400 74 



* Value of lands mortgaged . . . . . . . . $55,945 00 

Value of buildings thereon 54,475 00 

Amount of insurance held as collateral . . . . . 43,950 00 

t Including $200,000 special reserve fund held under New York law. 



1879.] 



INS. COS. OF OTHER STATES. 



183 



Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



1,760 07 



- $160,039 50 

. $621,022 96 

. 200,000 00 

. $421,022 96 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd daring the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 

Brokerage ...... 



Gross Cash Income . 



1263,897 10 
32,104 67 

$31,887 20 
6,695 13 

$4,672 53 



sources 



5231,792 43 



25,192 07 

2,962 09 
19,929 30 
13,315 24 

1,375 62 

$294,566 75 



Expenditures 

Cash paid for fire losses . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes .... 
for expenses; on real estate and incidentals 

Gross Cash Expenditures .... 



$120,784 48 
2,690 53 

$29,056 75 
7,655 83 



$118,093 95 



21,400 92 
30,000 00 
47,685 83. 
13,538 25 
3,963 38 
32,900 56 

$267,582 89 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$25,064,495 00 $221,491 80 
28,979,738 00 263,490 84 



$54,044,233 00 $484,982 64 
25,583,045 00 213,866 43 



$28,461,188 00 $271,116 21 
505,134 00 4,213 65 



$27,956,054 00 $266,902 56 



184 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks written during 1879 . 
Deduct risks expired and terminated* 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



57,712,921 00 $31,887 54 
7,674,846 00 31,565 59 



,075 00 
3,750 00 



$34,325 00 



$321 95 

28 13 



5293 82 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Fire losses incurred during the year 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$1,989,218 61 
831,124 82 
285,925 0Q 
30,000 00 
119,952 49 
20,884 52 
67,000 00 



CITIZENS' INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, $300,000. 

James M. McLean, President. Secretary, Edward A. Walton. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Virginia state bonds 

Lake Shore and Mich.- Southern R.R. bonds 

Union Trust Company stock . 

Citizens' National Bank stock 



Par value. Market value. 

$450,000 00 $470,625 00 

10,000 00 925 00 

50,000 00 59,000 00 

10,000 00 15,000 00 

24,500 00 24,500 00 



$544,500 00 $570,050 00 



Securities held as collateral for cash loans: — 



Manhattan Life Insurance Company stock 

Citizens' National Bank stock 

Butchers' and Drovers' National Bank stock 

Third Avenue Railroad stock . 

New York Central Railroad debt certificates 

United States bonds .... 

Union Trust Company stock . 

New Jersey Steamboat Company bonds . 



Market value. 

$3,500 00 
1,250 00 
1,092 00 
2,040 00 
4,400 00 
6,195 00 
9,000 00 

10,000 00 



Loaned thereon. 

$1,500 00 
1,000 00 
900 00 
1,500 00 
3,250 00 
2,300 00 
6,000 00 
7,500 00 



$37,477 00 . $23,950 00 



1879.] 



INS. COS. OF OTHER STATES. 



185 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $145,000 00 

Loans on mortgage of real estate (first liens*), 139,500 00 

Interest due or accrued thereon . . . 1,788 33 

Stocks and bonds, as per schedule . . . 570,050 00 

Loans on collateral security, as per schedule . 23,950 00 

Cash in the office of the company . . . 21,838 06 

Cash deposited in National Citizens' Bank . 26,787 51 

Interest due and accrued . . . 798 49 

Premiums in course of collection (gross) . 15,732 60 

Rents due and accrued . . . ... 533 20 

Premiums more than 3- months due, $675 90 

Gross Assets ...... 



$945,978 19 



Liabilities. 

Losses claimed and reported .... $20,650 00 

Less re-insurance ...... 1,500 00 

Net amount of unpaid losses . . . . $19,150 00 

Unearned premiums .on outstanding risks . 135,268 81 

Dividends to stockholders unpaid . . . 267 90 

Due and accrued for rent, salaries, etc. . . 1,783 00 

Commissions, brokerage, etc. .... 2,929 09 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards policy-holders ..... 

Paid-up Capital $300,000 00 

Scrip outstanding, not ordered to be redeemed, 150,000 00 



- 159,398 80 
. $786,579 39 



Surplus over Capital and Scrip 

Income. 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents ..... 
Profit on sale of bonds .... 



450,000 00 
. $336,579 39 



Gross Cash Income $274,596 90 



$254,645 61 
26,310 76 



sources 



^228,334 85 

9,617 00 

31,167 97 

4,208 33 

1,268 75 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 



$112,456 09 
9,903 49 



$102,552 60 
70,496 50 



* Value of landH mortgaged . . 
Value of buildings thereon . 
Amount of insurance held as collateral 

24 



$300,500 00 
213,500 00 
112/250 00 



186 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 



$28,095 21 
52,819 88 
11,599 82 
20,607 88 



Gross Cash Expenditures . 



$286,171 89 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$43,677,828 00 $245,597 84 
50,555,276 00 262,122 50 



Total ..... 
Deduct risks expired' and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$94,233,104 00 $507,720 34 
47,567,896 00 232,861 52 



$46,665,208 00 $274,858 82 
1,452,811 00 8,528 00 



$45,212^397 00 $266,330 82 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year . 
Company's stock owned by directors * 



$5,822,427 16 

2,531,741 61 

1,438,000 00 

7\500 00 

104,874 45 

69,760 00 



CITIZENS' INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated Feb. 2, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

E. O. Stanard, President. Secretary, John P. Harrison. 



Detailed Statement of Stocks, Bonds, Etc. 



Missouri state bonds 

North Missouri Railroad bonds 

St. Louis Chamber of Commerce bonds 

St. Louis Grain Elevator bonds 

East St. Louis Elevator bonds 

Yaeger Milling Company stock 

Second National Bank stock . 



Par value. 

$160,000 00 
100,000 00 
22,000 00 
20,000 00 
10,000 00 
12,S00 00 
2,000 00 



Market value. 

$169,600 00 
115,500 00 
22,000 00 
20,700 00 
10,292 00 
13,312 00 
400 00 



$326,800 00 $351,804 00 



1879.] 



INS. COS. OF OTHER STATES. 



18T 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $19,000 00 

Loans on mortgage of real estate (first liens*), 15,200 00 

Stocks and bonds, as per schedule . . . 351,804 00 

Cash in the office of the company . . . 3,596 11 

Cash deposited in Commercial National Bank, 23,109 06 

Premiums in course of collection (net) . . 13,155 41 

Gross Assets .... . 



$425,864 58 



Liabilities. 

Losses adjusted, unpaid . . . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



$909 00 

9,170 00 

3,450 00 

44,937 48 



58,466 48 



. $367,398 10 
. 200,000 00 



Surplus over Capital 



$167,398 10 



IXCOME. 

Cash received for fire premiums . . . $97,152 26 

Deduct re-insurance and return premiums . 9,011 08 

Net cash received for fire premiums . . 

Cash received for marine and inlaud.prems. . $6,546 53 

Deduct re-insurance and return premiums . 335 81 

Net cash received for marine and inland prems. 

Interest and dividends received from all sources 

Gross Cash Income . . . . .... 



,141 18 



6,210 72 
22,654 77 

[17,006 67 



Expenditures. 

Cash paid for fire losses ...... 

paid for marine and inland losses . 

dividends paid . . . . . 

paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . . . . 



$54,998 15 
5,307 15 
16,000 00 
17,447 52 
8,300 00 
6,426 04 
6,154 11 

$114,632 97 



* Value of lands mortgaged $16,000 oo 

Value of buildings thereon 15,000 00 

Amount of insurance held as collateral 11,500 00 



188 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . 
Deduct risks expired and terminated 



$7,072,739 00 
10,310,287 00 

$17,383,026 00 
10,307,185 00 

$7,075,841 00 
. 383,250 00 



Premiums. 

$97,151 53 
97,152 26 



$194,303 79 
102,305 14 

$91,998 65 
.2,956 90 



1,692,591 00 $S9,041 75 



. $14,000 00 
. 1,046,338 00 

$1,060,338 00 
. 1,060,338 00 



Miscellaneous. 

Losses paid from organization of company- 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) 
Fire losses incurred during the year 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



$200 00 

6,546 53 

$6,746 53 

6,746 53 



1,508,272 00 

621,798 00 

16,000 00 

54,511 00 

6,807 00 

128,000 00 



CITY FIRE INSURANCE COMPANY OF THE CITY OF 

NEW YORK, NY. 

[Incorporated April 26, 1833. Commenced business June 6, 1833.] 

Paid-up Capital, $210,000. 

Samuel Townsend, President. Secretary, David J. Blauvelt. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

1,700 shares Tradesmen's National Bank . $68,000 00 $72,420 00 

200 " N. Y. Central and H. R. Railroad, 20,000 00 25,800 00 

United States bonds 130,000 00 133,900 00 

$218,000 00 $232,120 00 

Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . $21,500 00 

Loans on mortgage of real estate (first liens*), 140,450 00 
Interest due or accrued thereon . . . 3,878 77 

* Value of lands mortgaged $139,200 00 

Value of buildings thereon 132,800 00 

Amount of insurance held as collateral 126,850 00 



1879.] 



INS. COS. OF OTHER STATES. 



189 



Stocks and bonds, as per schedule. . 
Cash in the offioe of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued . . 
Premiums more than 3 months due, $19 
Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . . 



Surplus over Capital 

Income. 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents ...... 



^232,120 00 
1,293 21 
1,958 29 
1,700 00 
1,514 00 
133 33 



$7,006 65 

22,745 87 

1,191 66 

174 14 



,322 85 
1,474 48 



sources . 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses $20,592 12 

Deduct salvage and re-insurance . . . . 478 12 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



$404,547 60 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



31,118 32 

$373,429 28 
210,000 00 

$163,429 28 



,848 37 

10,095 02 

13,194 06 

514 00 

$62,651 45 



$10,916,392 00 
11,426,626 00 

$22,313,018 00 
11,542,595 00 

$10,800,423 00 
91,250 00 



$20,114 00 

21,000 00 

3,758 06 

14,242 71 

8,632 01 

8,751 77 

$76,501 55 

Premiums. 

$14,011 46 
40,506 10 

$84,517 56 
39,470 83 

$15,01(5 73 
299 36 



$10,709,173 00 $11,747 37 



190 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company . $2,827,639 40 
Losses paid from organization of company .... 1,298,639 11 
Cash dividends declared from organization of company . 1,597,800 00 
Dividends declared during the year (10 per cent) . . . 21,000 00 
Fire losses incurred daring the year ..... 26,746 65 
Company's stock owned by directors ..... 42,210 00 



CLINTON FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated July 11, 1850. Commenced business July 11, 1850.] 

Paid-up Capital, $250,000. 

James B. Ames, President. Secretary, G. T. Patterson, Jun. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds ..... $277,000 00 $301,715 00 

Delaware and Hudson Canal Company bonds, 40,000 00 42,100 00 

New Jersey Central Railroad bonds . . 2,000 00 1,910 00 

300 shares New York Central Railroad . . 30,000 00 39,000 00 

90 " New Jersey Central Railroad . 9,000 00 7,290 00 

100 " American Exchange National Bank, 10,000 00 11,400 00 

57 " Merchants' National Bank . . 2,850 00 3,163 50 



$370,850 00 $406,578 50 
Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

35 shares Grocers' Bank, New York . . $700 00 $600 00 

Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $28,400 00 

Interest due or accrued thereon . . . 399 14 

Stocks and bonds, as per schedule . . . 406,578 50 

Loans on collateral security, as per schedule . 600 00 

Cash in the office of the company . . . 1,472 65 

Cash deposited in American Ex. Nat'l Bank . 487 59 

Interest due and accrued . . . . 797 10 

Premiums in course of collection (gross) . 16,843 31 
Premiums more than 3 months due, $202 71 

Gross Assets $455,578 29 

* Value of lands mortgaged . . . . . . . $48,000 00 

Value of buildings thereon 32,000 00 

Amount of insurance held as collateral .... 23,60000 



1879.] 



INS. COS. OF OTHER STATES. 



191 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 

Surplus over Capital 



$4,975 00 
4,400 00 
3,000 00 

58,305 83 

1,397 75 

2,947 57 

296 62 



$75,322 77 

$380,255 52 
250,000 00 

$130,255 52 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . — — 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income ...... 



$123,777 96 
10,203 47 



$113,574 49 
1,614 85 

18,854' 50 

$134,043 84 



Expenditures. 

Cash paid for fire losses ...... 

Deduct salvage and re-insurance . 

Net cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for state and local taxes . . 
for rent and incidentals . 

Gross Cash Expenditures . 



$65,3S1 57 
6,423 91 



$58,957 66 
27,500 00 
19,441 22 
20,099 90 
4,754 57 
17,920 52 

$148,673 87 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 

Total . ... 
Deduct risks expired and terminated 

In force at end of year . 
I)* < I net amount re-insured 



Risks and Premiums. 

Premiums. 

$17,696,734 00 $83,901 48 
21,780,360 00 139,672 99 



$39,477,094 00 $223,574 47 
18,705,744 00 106, 8S4 77 



$20,771,350 00 $116,689 70 
732,725 00 5,19!) S3 



Net amount in force 



$20,038,625 00 $111,48!) 87 



192 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (11 per cent) . 

Fire losses incurred during the year 

Company's stock owned by directors . 



$2,459,422 50 
953,979 96 
935,000 00 
27,500 00 
64,548 76 
82,300 00 



COLUMBIA FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $300,000. 

George W. Savage, President. Secretary, John B. Arthur. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . . . 
District of Columbia bonds 
Brooklyn Park improvement bonds 
Brooklyn water loan 
New York County Court-House bond 
New York county assessment bond . 



Par value. 

$198,000 00 

44,000 00 

13,000 00 

10,000 00 

3,000 00 

1,000 00 



Market value. 

$209,210 00 

38,280 00 

14,560 00 

11,200 00 

3,240 00 

1,080 00 



$269,000 00 $277,570 00 



Securities held as collateral for cash loans: — 



150 shares Bowery National Bank . 
25 " New York Mutual Gas-Light Co. 
40 " Manhattan Gas-Light Company 
90 " Rutgers Fire Insurance Company 
30 " Merchants' Fire Insurance Co. 
88 " Mechanics' and Traders' Ins. Co. 

Erie Railroad bonds .... 



Market value. Loaned thereon . 



$22,500 00 
1,500 001 
3,000 00 I 
3,600 00 ' 
2,250 00 
3,520 00 
11,600 00 



$13,000 00 



10,000 00 



10,000 00 



$47,970 00 $33,000 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $20,000 00 

233 33 

277,570 00 

33,000 00 

4,468 64 



Interest due or accrued thereon 

Bonds, etc., as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$20,000 00 
20,000 00 
15,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



193 



Cash deposited in bank . 
Interest due and accrued 
Premiums in course of collection (net) 
[Notes taken for marine and inland risks 
Gross Assets .... 



$1,899 05 


* 




370 


00 






9,591 


75 






34 


34 










$347,167 


11 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Due and accrued for rent 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$5,980 90 
875 00 

37,085 71 
500 00 



- 44,441 61 

. $302,725 50 
. 300,000 00 



$2,725 50 



Income. 

Cash received for fire premiums . . . $83,093 76 
Deduct re-insurance and return premiums . 13,468 64 

Net cash received for fire premiums . . $69,625 12 

Unpaid premium notes rec'd during the year . $34 34 

Interest received on bonds and mortgages .... 1,400 00 

Interest and dividends received from all other sources . . 13,951 96 

Gross Cash Income $84,977 08 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



,205 10 
426 15 



$54,778 95 

10,716 55 

13,485 00 

3,829 46 

10,799 17 

$93,609 13 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
25 



Premiums. 

$8,241,858 00 872,168 30 
. 8,005,999 00 75,829 40 



$16,247,857 00 $147,997 70 
. 8,357,975 00 73,509 38 



$7,889,882 00 $74,488 32 
. 216,033 00 1,122 46 



$7,013,819 00 $73,365 86 



194 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company . 33,131,892 00 
Losses paid from organization of company .... 1,889,164 00 
Cash dividends declared from organization of company . 455,000 00 
Fire losses incurred during the year ..... 52,012 10 
Company's stock owned by directors ' 107,070 00 



COMMERCE INSURANCE COMPANY, ALBANY, N.Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

Adam Van Allen, President. Secretary, Richard V. DeWitt. 



Detailed Statement of Stocks, 



United States bonds .... 

133 shares First National Bank, Albany . 

150 " Nat'l Commercial Bank, Albany 
80 " National Albany Exchange Bank 
50 " Union National Bank, Albany 
37 " New York State Nat'l B'k, Albany, 



Bonds, Etc. 

Par A r alue. Market value. 

$220,000 00 $264,700 00 
13,300 00 19,950 00 



15,000 00 

8,000 00 

5,000 00 

, 3,700 00 



31,500 00 

10,000 00 

5,500 00 

5,550 00 



$265,000 00 $337,200 00 



Securities held as collateral for cash loans: — 



12 shares Albany Railway Company 
65 '.' Albany Gas-Light Company 
20 " First National Bank, Albany . 

15 " Union National Bank, Albany 

16 " First National Bank, Albany . 



Market value. Loaned thereon. 

$900 001 

2,600 00 [ $4,000 00 
3,000 00J 

1,650 00 1,500 00 
2,400 00 600 00 



$10,550 00 $6,100 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in First National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets 



$35,000 00 

337,200 00 

6,100 00 

316 08 

20,439 16 

552 33 

2,099- 95 

106 67 



$401,814 19 



1879.] INS. COS. OF OTHER STATES. 

■ 
Liabilities. 



195 



Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents, etc. . 



$10,000 00 

38,584 58 

25 93 



$74,121 40 
7,945 02 



Gross Cash Income 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 



Gross Cash Expenditures . 



$33,242 33 
552 66 



Risks and Premiums. 



,610 51 



53,203 68 
200,000 00 

$153,203 68 



,176 38 

17,999 51 

965 00 

85,140 89 



$32,689 67 

24,000 00 

9,668 92 

10,549 98 

2,922 30 

5,368 76 

,199 63 



Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$9,263,820 00 $86,236 03 
. 9,4*53,730 00 74,121 40 



$18,717,550 00 $160,357 43 
. 9,270,108 00 78,761 72 



$9,447,442 00 $81,595 71 
. 546,543 00 4,181 78 



!,900,899 00 $77,413 93 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



53,032,646 00 

2,107,797 00 

498,000 00 

24,000 00 

37,180 63 

64,725 00 



196 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



COMMERCIAL FIRE INSURANCE COMPANY, 
NEW YORK, N.Y. 

[Incorporated May 15, 1850. Commenced business May 15, 1850.] 

Paid-up Capital, $200,000. 

M. V. B. Fowler, President, Secretary, D. Quackinbush. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$255,600 00 $294,155 50 
33,000 00 38,180 00 



United States bonds 
Brooklyn corporation notes 
Long- Island City bonds . 
Flushing city bonds 
Elizabeth city bonds 
New York corporation bonds . 



Securities held as collateral for cash loans: 

Tradesmen's Fire Insurance Company . 
Merchants' Exchange Bank . 



10,000 00 

12,000 00 

20,000 00 

1,000 00 



10,300 00 

12,600 00 

10,000 00 

1,150 00 



$331,600 00 $366,385 50 



Market value. Loaned thereon. 

$500 00 $350 00 

5,600 00 4,000 00 



16,100 00 $4,350 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $69,450 00 

Interest due or accrued thereon . . . 875 84 

Bonds, as per schedule ..... 366,385 50 

Loans on collateral security, as per schedule . 4,350 00 

Cash in the office of the company . . . . 13,803 63 

Cash deposited in Irving National Bank . 20,701 48 

Interest due and accrued .... 2,592 03 

Premiums in course of collection (gross) . 34,486 81 

Notes taken for marine and inland risks . 899 10 

Gross Assets ." . $513,544 39 



Liabilities. 

Losses adjusted, unpaid ..... $2,000 00 

claimed and reported .... 23,360 46 

disputed or resisted .... 1,600 00 

Unearned premiums on outstanding risks . 163,552 50 

Dividends to stockholders unpaid ... 65 00 



* Value of lands mortgaged . ... 
Value of buildings thereon . 
Amount of insurance held as collateral 



$72,500 00 

107,500 00 

66,100 00 



1879.] 



INS. COS. OF OTHER STATES. 



197 



Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 



$1,811 79 

8,621 70 

331 64 



- $201,143 09 

. $312,401 30 

. 200,000 00 

. $112,401 30 



$295,765 83 
14,038 47 

$25,935 00 
164 13 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash rec'd for marine and inland premiums 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes rec'd during the year . $899 10 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income * 



281,727 36 



25,770 87 

4,502 75 
18,737 26 

$330,738 24 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$171,208 72 
3,499 00 



$167,709 72 
13,755 88 
20,089 00 
68,140 04 
22,152 68 
6,275 14 
23,502 21 

$321,624 67 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$34,848,028 00 $228,953 22 
38,544,393 00 287,328 29 



Total . ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$73,392,421 00 $516,281 51 
35,728,310 00 203,000 50 



$37,664,111 00 $313,281 01 
257,587 00 1,706 85 



Net amount in force 



$37,406,524 00 $311,574 16 



198 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 ." 

Total . . . 
Deduct risks expired and terminated 

In force at end of year 



$324,189 00 &9,126 76 
2,815,928 00 25,935 00 



.13,140,117 00 $35,061 76 
2,624,135 00 20,733 99 



$515,982 00 $14,327 77 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



£3,878,019 75 

2,102,317 30 

796,000 00 

20,000 00 

167,329 36 

13,755 88 

86,850 00 



COMMERCIAL MUTUAL INSURANCE COMPANY, 
NEW YORK, N.Y. 

[Incorporated April, 1842. Commenced business May, 1852. J 

W. I. Comes, President. Secretary, Henry D. King. 

Detailed Statement of 



United States bonds 

American Exchange Bank stock 

Market Bank stock .... 

Corn Exchange Bank stock 

Bank of the State of New York stock 

Park Bank stock .... 

Bank of New York stock 

Gallatin National Bank stock . 

Continental Bank stock . 

Merchants' Bank stock . 

St. Nicholas Bank stock . 

Bank of Commerce stock 

Bank of America stock . 

Nassau Bank stock .... 

Bank of North America stock . 

Metropolitan Bank stock 

Mechanics' Banking Association stock 

Brooklyn city water bonds 

Newark city bonds .... 

Louisville city bonds 

Erie Railroad bonds ... 

Morris and Essex Railroad bonds . 

Warren Railroad bonds . 



Stocks, Bonds, 


Etc 






Par value. 


Market value. 




$426,000 00 


$425,115 00 






20,000 


00 


22,400 00 






2,500 


00 


2,850 00 






4,000 


00 


5,640 00 






1,600 


00 


1,840 00 






10,000 


00 


11,000 00 






3,700 


00 


5,106 00 






3,300 


00 


4,455 00 






5,000 


00 


5,125 00 






6,200 


00 


7,626 00 






7,500 


00 


7,800 00 






5,400 


00 


7,236 00 






1,800 


00 


2,637 00 






5,000 


00 


4,200 00 






4,690 


00 


4,080 30 






5,600 


00 


7,392 00 






10,000 


00 


7,700 00 






5,000 


00 


5,100 00 






13,000 


00 


14,850 00 






15,000 


00 


15,600 00 






15,000 


00 


15,562 50 






43,000 


00 


47,320 00 






9,000 


00 


9,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



199 



Dela., Lackawanna, and Western R.R. bonds, 
New York City Insurance Company stock 
Coast Wrecking Company stock 
Atlantic Mutual Insurance Company scrip 
Union Mutual Insurance Company scrip . 
Metropolitan Elevated Railroad bonds . 
Delaware and Hudson Canal Company bonds 
Detroit, G. H., and Milwaukee R.R. bonds 



$5,000 00 

1,100 00 

4,500 00 

12,310 00 

470 40 

10,000 00 

15,000 00 

900 00 



$5,800 00 

715 00 

450 00 

12,292 00 

235 50 

10,200 00 

16,200 00 

675 00 



$671,570 40 $687,102 30 



Securities held as collateral for cash loans : — 

United States bonds . 

100 shares Bergen County Gas-Light Company, 



Market value. Loaned thereon. 

$5,225 00 $5,000 00 
1,875 00 1,000 00 



17,100 00 $6,000 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Salvage on losses paid .... 
Gross Assets ....'. 



$687,102 30 

6,000 00 

32,620 11 

3,314 95 

12,534 11 

61,639 28 

7,594 00 



$810,804 75 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Unpaid scrip ordered to be redeemed 

Interest due or accrued on scrip 

Re-insurance premiums . 

Return premiums, etc. . 

Gross Liabilities, except Scrip 

Surplus as regards policy-holders 

Scrip outstanding, not ordered to be redeemed 

Surplus over Scrip . 



$19,864 52 
2,550 00 
69,594 19 
6,641 20 
7,462 51 
3,314 94 
3,140 17 



112,570 53 

$698,234 22 
616,055 00 

$82,179 22 



Income. 

Cash received for fire premiums . . . $24,584 28 

Deduct re-insurance and return premiums . 2,713 67 

Net cash received for fire premiums . . $21,870 61 

Cash received for marine and inland premiums, $220, 05(5 73 

Deduct re-insurance and return premiums . 78,374 60 

Net cash received for marine and inland prenis. 141,682 13 



200 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

i,940 07 



Unpaid premium notes rec'd during the year . 
Interest and dividends received from* all sources 
Profit on bonds sold, etc. . . . . 

Gross Cash Income ..... 

Expenditures. 
Cash paid for fire losses ..... 
Deduct salvage and re-insurance 
Net cash paid for fire losses .... 
Cash paid for marine and inland losses . . i 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for redemption of scrip . 
Interest paid scripholders . . < . 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



$37,511 77 
22,917 19 

$223,981 70 



$30,555 42 
491 94 

$120,131 48 
30,496 90 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$4,251,605 00 
. 4,969,046 00 



$9,220,651 00 
. 5,167,101 00 



$30,063 48 



89,634 58 
415 00 
36,707 40 
9,767 75 
21,670 40 
39,235 20 

$227,493 81 



Premiums. 

$24,318 84 
25,759 51 

$50,078 35 
26,051 99 



$4,053,550 00 $24,026 36. 



$4,889,037 00 
18,465,845 00 



23,354,882 00 

17,292,751 00 

$6,062,131 00 

80,953 00 



$68,808 00 
207,372 82 

$276,180 82 
215,328 08 

$60,852 74 
3,271 73 



55,981,178 00 $57,581 01 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Fire losses incurred during the year 
Marine and inland losses incurred during the year 



$12,439,732 90 

. 7,345,760 55 

32,279 57 

74,200 53 



1879.] 



INS. COS. OF OTHER STATES. 



201 



CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

M. Bennett, Jun., President. Secretary, Charles R. Burt. 



Detailed Statement of Stocks 

United States bonds 

Connecticut state bonds . 

New Britain city water bonds 

Hartford city bonds 

Columbus (O.) city bonds 

Middletown (Conn.) city bonds, 7s 

Newark (O.) city bonds . 

Toledo Board of Education bonds 

Erie city consolidated bonds . 

Michigan Central Railroad bonds 

Chicago and Iowa Railroad bonds 

New York, New Haven, and H. R.R. bonds 

Erie Railway gold consols 

Canada Southern Railroad bonds 

Broadway and Seventh Avenue R.R. bonds 

Tiffin (O.) Gas Company bonds 

Boston and Albany Railroad stock 

Pitts., Fort Wayne, and Chicago R.R. stock 

New York, New Haven, and H. R.R. stock 

Chicago, Burlington, and Quincy R.R. stock 

Imp. and Traders' Nat'l Bank stock, N.Y. 

Fulton National Bank stock, New York 

Farmers' and Mech. Nat'l Bank st'k, Hartford 

National Exchange Bank stock, Hartford 

Hartford National Bank stock, Hartford 

First National Bank stock, Hartford 

iEtna National Bank stock, Hartford 

Phoenix National Bank stock, Hartford . 

Charter Oak National Bank stock, Hartford 



Securities held as collateral for cash loans: 

New York, New Haven, and II. R.R stock 
Hartford Trust Company stock 
Case, Lock wood, and Brairiard Co. stock 
Orient Insurance Company stock . 
Connecticut Fire Insurance Company stock 

2G 



, Bonds, Etc 

Par value. 

$470,000 00 
16,000 00 
15,000 00 
16,000 00 

5;ooo oo 

20,000 00 

4,500 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
40,000 00 
20,000 00 
20,000 00 
20,000 00 
25,000 00 

5,000 00 
30,000 00 
50,000 00 
22,000 00 
30,000 00 

6,900 00 
18,800 00 
13,600 00 
30,000 00 
18,500 00 
10,000 00 
15,000 00 

9,300 00 



Market value. 

,300 00 
16,800 00 
16,200 00 
17,280 00 

5,000 00 
20,900 00 

4,500 00 
10,800 00 
10,300 00 
23,600 00 
12,000 00 
46,000 00 
23,000 00 
17,600 00 
20,200 00 
25,000 00 

6,850 00 
33,900 00 
77,500 00 
27,500 00 
66,000 00 

9,200 00 
21,620 00 
17,680 00 
45,000 00 
19,425 00 
11,500 00 
22,050 00 
11,532 00 



-1990,600 00 $1,127,237 00 



Market value. Loaned thereon. 



$5,550 00 
6,300 00 
7,500 00 
480 00 ) 

625 m\ 



88,300 00 

4,736 00 

500 00 

400 00 



202 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



New York, New Haven, and H. R.R. stock 
Middlesex County National Bank stoc"k . 
Collins Company stock .... 
Hartford Bridge Company stock 
Continental Insurance Company stock, N.Y. 
United States Express Company stock . 
Delaware and Hudson Canal Company stock 
Wells, Fargc, & Co. Express stock 
Adams Express Company stock 
Pacific Mail Steamship Company stock . 



$2,015 00 ^ 
1,500 00 [ 
2,000 00) 
2,500 00 
1,875 00^ 
9,600 00 | 
7,100 00 

20,800 00 
4,200 00 
3,500 00 J 



12,686 00 
1,750 00 

y 33,000 00 



$75,815 00 $46,372 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $145,600 00 

Stocks, bonds, etc., as per schedule . . 1,127,237 00 

Loans on collateral security, as per schedule . 46,372 00 

Cash in the office of the company ... 75 03 

Cash deposited in National Exchange Bank . 118,566 92 

Premiums in course of collection (net) . . 45,629 07 

Gross Assets ..... 
Deduct special deposits in other states . 

Balance ...... 

Liabilities. 

Losses adjusted, unpaid ..... $6,550 00 

claimed and reported . . . 27,000 00 

disputed or resisted . . . . 6,996 00 

Unearned premiums on outstanding risks . 233,271 68 

Gross Liabilities, except Capital . . $273,817 68 
Deduct Liabilities on special deposits . . 27,002 71 

Surplus as regards policy-holders . . . . . § 
Paid-up Capital 

Surplus over Capital . . .... 

Income. 

Cash received for fire premiums . . . $459,742 11 
Deduct re-insurance and return premiums . 60,394 04 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages • . 
Interest and dividends received from all other sources . 

Gross Cash Income ........ 



-$1,483,480 02 
. 110,000 00 

$1,373,480 02 



246,814 97 

51,126,665 05 
1,000,000 00 

$126,665 05 



,348 07 
8,333 33 
72,823 36 

$480,504 76 



* Value of lands mortgaged . . 
Value of buildings thereon 
Amount of insurance held as collateral 



$176,000 00 
185,000 00 
159,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



203 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



+*f 



$233,940 37 

100,000 00 

68,025 49 

21,198 51 

8,694 03 

19,650 76 

$451,509 16 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . 
Deduct risks expired and terminated 

In force at end of year 



Risks and Premiums. 

Premiums. 

$37,042,514 00 $426,34S 95 
44,753,757 00 459,742 11 



181,796,271 00 $886,091 06 
40,827,640 00 428,624 31 



$40,968,631 00 $457,466 75 



Miscellaneous. 

Premiums received from re-organization of company . 
Losses paid from re-organization of company . 
Cash dividends declared from re-organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors . . . . 



$2,781,656 30 
1,337,861 42 
615,000 00 
100,000 00 
231,234 71 
212,400 00 



CONTINENTAL INSURANCE COMPANY, NEW YORK. 

[Incorporated November, 1852. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

George T. Hope, President. Secretary, Cyrus Peck. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

250 shares American Exchange Nat'l Bank . $25,000 00 $28,250 00 

69 » Bank of America . . . 6,900 00 10,074 00 
50 " Bowery National Bank . . 5,000 00 7,250 00 
35 " Dry Goods Bank .... 612 50 175 00 

1,200 " Mechanics' National Bank . . 30,000 00 40,800 00 

333 " Merchants' National Bank . . 16,650 00 20,313 00 

250 " Mercantile National Bank . . 25,000 00 21,250 00 

200 " Metropolitan National Bank . 20,000 00 26,400 00 

100 " Nassau Bank .... 10,000 00 8,500 00 

70 " Phenix National Bank . . 14,000 00 14,000 00 
100 " St. Nicholas National Bank . 10,000 00 10,500 00 



204 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



200 shares Central Trust Company 
200 " Delaware and Hudson Canal Co. 
20 " N. Y. 6Utar. and Indemnity Co. 

1.500 " New York and Harlem R.R. Co. 

Alabama state bonds 

South Carolina state bonds 

Tennessee state bonds 

United States bonds 



$20,000 00 


$23,400 00 


20,000 00 


14,800 00 


2,000 00 


2,000 00 


75,000 00 


117,000 00 


10,000 00 


5,400 00 


11,500 00 


9,775 00 


26,000 00 


7,940 00 


900,000 00 1,090,810 00 



,227,662 50 $1,458,637 00 



Securities held as collateral for cash loans: — 



16 sha 

60 

80 
250 
800- 
100 



es Hanover National Bank 

American Exchange Nat'l Bank 



Nassau Bank ..... 
Central Trust Company . 
Rensselaer and Saratoga Railroad . 
Corn Exchange Bank 
United States bonds ..... 
10 shares United States Trust Company 



100 
173 
250 
30 
300 
100 
100 
100 



Brooklyn City Railroad . 
Phenix National Bank . 
St. Nicholas National Bank . 
Mechanics' Bank . 
Michigan Central Railroad 
Chicago and North- Western R.R. . 
Delaware and Hudson Canal Co. . 
Lake Shore and Michigan So. R.R. 



New York, Lake Erie, and West. R.R. bonds, 



Market value. Loaned thereon. 

$1,792 00 $500 00 

6,780 00 3,800 00 

6,800 00 5,050 00 

29,250 00 j 

88,000 00 [• 100,000 00 

14,000 00) 

260 50 225 00 

3,300 00 1,600 00 

1,400 00 600 00 

3,460 00 2,260 00 

26,250 00 20,000 00 

2,400 00 1,200 00 

27,000 00] 
9,000 00 j 

7,400 00 I 100,000 00 

10,000 00 I 

65,250 00 J 



$302,342 50 $235,235 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate 

Loans on mortgage of real estate (first liensf ) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued . . . 



31, 1879.* 

$677,500 00 

673,600 00 

16,474 88 

1,458,637 00 

235,235 00 

2,654 62 

238,031 96 

10,655 72 



* The company holds, also, instalment premium notes to the amount of $1,285,967.13, 
which do not enter into nor form any part of the assets of the company, as no portion of 
them is earned. Whatever value is attached to them would necessarily be counterbalanced 
by the addition of an exactly equal amount to the re-insurance liability, the entire sum con- 
sisting of " unearned premiums." 

t Value of lands mortgaged $1,029,725 00 

Value of buildings thereon 1,142,000 00 

Amount of insurance held as collateral .... 630,450 00 



1879.] 



TNS. COS. OF OTHER STATES. 



205 



Premiums in course of collection (gross) 
Rents due and accrued . 
Re-insurance due . 
Gross Assets * . 
Deduct special deposits in other states 

Balance . . . . 



$150,399 58 

15,000 00 

865 21 



-$3,478,553 97 
30,250 00 



1,448,303 97 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Dividends to stockholders unpaid . 
Commissions and brokerage . 



$181,558 39 
22,500 00 



$204,058 39 
5,745 65 

$198,312 74 

1,132,518 32 

14,792 00 

6,932 46 

313 96 

20,000 00 



Gross Liabilities, except Capital and Scrip, $1,372,869 48 
Deduct liabilities on special deposits . . 19,158 34 



Surplus as regards policy-holders ..... 
Paid-up Capital . . . . $1,000,000 00 

Scrip outstanding, not ordered to be redeemed, 77,164 00 



1,353,711 14 

$2,094,592 83 



Surplus over Capital and Scrip 



1,077,164 00 

$1,017,428 83 



Income. 

Cash received for fire premiums . . $1,737,252 34 

Deduct re-insurance and return premiums . 223,183 20 

Net cash received for fire premiums . . <j 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses . 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid 
Cash paid for redemption of scrip 
Interest paid scripholders- 



$850,258 54 
24,304 86 



,514,069 14 

44,113 48 

91,620 50 

38,853 05 



,688,656 17 



$825,953 68 
136,595 59 

674 08 



* Including $475,0(10 upeeiid rcHerve fund held under New York luvv. 



206 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . . 
for incidental expenses . 

Gross Cash Expenditures . . 

Risks and Premiums. 



$257,732 21 

197,804 70 

37,017 10 

126,980 86 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$255,360,875 
236,823,419 



.,582,758 22 



Premiums. 

00 $2,020,110 47 
00 1,554,027 57 



$492,184,294 
213,372,659 



00 $3,574,138 04 
00 1,322,748 16 



^278,811,635 
* 5,887,120 



00 $2,251,389 88 
00 39,958 43 



$272,924,515 00 $2,211,431 45 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year . 

Company's stock owned by directors . 



$20,518,636 27 
10,944,064 52 
. 3,150,997 36 
. 136,500 00 
. 851,409 57 
. 259,100 00 



DELAWARE MUTUAL SAFETY INSURANCE COMPANY, 
PHILADELPHIA, PENN. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $360,000. 

Thomas C. Hand, President. Secretary, Henry Lylburn. 



Detailed Statement of 

Pennsylvania state bonds 

Philadelphia city bonds 

New Jersey state bonds 

Boston city bonds . 

St. Louis city bonds 

Pittsburgh city bonds 

Cincinnati city bonds 

Columbus city bonds 

United States bonds 

Tennessee state bonds 

380 shares Pennsylvania Railroad 



Stocks, Bonds, Etc. 

Par value. Market value. 

$237,400 00 $265,888 00 

100,000 00 118,425 00 

242,000 00 272,990 00 

100,000 00 118,000 00 

100,000 00 107,500 00 

77,000 00 80,330 00 

50,000 00 54,500 00 

25,000 00 26,500 00 

30,000 00 30,675 00 

44,000 00 13,860 00 

19,000 00 18,620 00 



1879.] 



INS. COS. OF OTHER STATES. 



207 



134 shares Northern Pennsylvania Railroad 
American Steamship Co. bonds, guaranteed 
Wm. Cramp & Sons' dry dock mort. bonds 
Stocks and scrip of sundry corporations . 



Securities held as collateral for cash loans : 

200 shares Pennsylvania Railroad . 
United States bonds . . . 
Philadelphia city bonds .... 



$6,700 00 $6,432 00 

40,000 00 39,600 00 

27,000 00 27,000 00 

13,453 00 2,787 00 



,111,553 00 $1,183,107 00 



Market value. 

$9,800 00 

120,292 25 

28,000 00 



Loaned thereon. 

-14,975 00 

114,000 00 

25,000 00 



.58,092 25 $143,975 00 



Summary of Assets Oct. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Notes taken for marine and inland risks 
Miscellaneous ..... 

Premiums more than 3 months due, $41 ,408 00 
Gross Assets ...... 



31, 1879. 

$120,000 00 

197,950 00 

2,930 00 

1,183,107 00 

143,975 00 

451 43 

46,242 50 

611 27 

86,478 46 

279,081 54 

3,320 42 



,064,147 62 



Liabilities. 

Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Unpaid scrip ordered to be redeemed 
Interest and dividends due and unpaid . 
State and local taxes .... 

Gross Liabilities, except Capital and Scrip, 



$10,784 00 

82,451 00 

6,000 00 

335,114 39 

78,229 85 

7,060 00 

7,164 50 

9,525 14 



Surplus over Capital and Scrip 



536,328 88 



Surplus as regards policy-holders . . ... ij 

Paid-up Capital $360,000 00 

Scrip outstanding, not ordered to be redeemed, 916,055 00 



^,527,818 74 



1,276,055 00 



. $251,763 74 



* Value of lands mortgaged 
Value of buildings thereon . 
Aiii'.imt of Insurance held as collateral 



$165,600 no 
164,400 00 
139,000 00 



208 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . * 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash rec'd for marine and inland premiums 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Profit on sale of securities 

Deposits received for perpetual fire risks 

Gross Cash Income .... 



$102,569 73 
7,346 50 

8590,394 83 
82,130 22 

$279,081 54 



sources 



958 00 



)5,223 23 



508,264 61 

11,800 00 

71,304 58 

11,644 24 



$698,236 66 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance* . 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for redemption of scrip . 
Interest paid scripholders 
Cash paid for commissions and salaries . 

for state and local taxes . 

for incidentals 
Deposits returned on perpetual fire risks 

Gross Cash Expenditures 



851,224 40 

2,424 85 

$396,792 31 
28,029 49 



$1,845 05 



,799 55 



368,762 82 
36,000 00 

175,695 00 
57,225 00 
72,514 96 
15,357 89 
13,099 84 

$787,455 06 



Risks and Premiums. 



Fire risks outstanding Oct. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year 

Perpetual risks in force . 



$19,286,154 00 
14,874,533 00 

$34,160,687 00 
17,099,034 00 



Premiums. 

$158,123 56 
103,456 78 

$261,580 34 
127,405 46 



$17,061,653 00 $134,174 88 
$3,165,340 00 



Marine risks outstanding Oct. 31, 1878 . 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 



$10,675,424 00 
50,217,464 00 

$60,892,888 00 
47,125,817 00 



$239,429 06 
607,451 57 

$846,880 63 
578,292 60 



In force at end of year 



$13,767,071 00 $268,588 03 



1879.] 



INS. COS. OF OTHER STATES. 



209 



Miscellaneous. 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 

Scrip dividends declared during the year 



$36,000 00 
47,549 02 

366,916 06 
43,925 00 

115,865 00 



ENTERPRISE FIRE AND MARINE INSURANCE COMPANY, 

CINCINNATI, O. 

[Incorporated December, 1865. Commenced business December, 1865.] 

Paid-up Capital, $300,000. 

John W. Hartwell, President. Secretary, J. W. McCord. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds ..... 
Cincinnati city bonds . . . . 

Alabama state bonds ..... 
Cincinnati, Hamilton, and Dayton R.R. stock, 
Cincinnati Underwriters' Wrecking Co. stock, 



Par value. Market value. 

$141,950 00 $147,982 87 
21.000 00 22,160 00 



10,000 00 
7,500 00 
3,500 00 



5,000 00 
4,500 00 
3,500 00 



$183,950 00 $183,142 87 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*"), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in Commercial Bank 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Salvage claims ..... 
Gross Assets 



$149,655 14 

7,385 56 

532 51 

183,142 87 

730 54 

12,365 47 

13.865 94 

22.866 13 
1,352 00 
4,560 52 



$396,456 68 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 



$1,413 20 
0,293 62 
1,700 00 

60,400 58 
25 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 

27 



$13,300 00 

11, '250 00 

2,100 00 



210 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage . 
Re-insurance due .... 
Gross Liabilities, except Capital 



$387 06 
25 00 



$70,244 46 



Surplus as regards policy-holders $326,212 22 

Paid-up Capital 300,000 00 



Surplus over Capital 



126,212 22 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 



Gross Cash Income $138,321 89 



$75,464 75 
7,129 85 

$50,230 39 
3,880 73 

$37,183 75 

sources . 



$68,334 90 



46,349 66 

1,623 74 

9,292 48 

12,721 11 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

for ground rents 

Gross Cash Expenditures . . . 



$46,404 15 
119 44 

$38,263 23 
1,140 43 



,284 71 



37,122 80 

14,975 00 

12,305 69 

12,760 03 

4,355 18 

6,457 57 

7,000 00 

$141,260 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$7,200,39700 
. 7,013,625 00 

$14,214,022 00 
. 7,330,679 00 

$6,883,343 00 
. 150,267 00 



Premiums. 

$92,221 53 

75,615 32 

$167,836 85 

81,735 16 

$86,101 69 

1,590 21 



$6,733,076 00 $84,511 48 



1879.] 



INS. COS. OF OTHER STATES. 



211 



Marine risks outstanding Dec 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . . . 
Deduct amount re-insured 

Net amount in force 



1416,372 00 $41,080 45 

1,637,605 00 51,077 27 

52,053,977 00 $92,157 72 

1,675,055 00 54,728 72 

1378,922 00 $37,429 00 

4,500 00 275 00 

$374,422 00 $37,154 00 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire losses incurred during the year 

Inland losses incurred during the year 

Company's stock owned by directors . . . 



$3,716,483 10 

2,426,253 17 

222,000 00 

15,000 00 

46,025 75 

26,298 47 

123,620 00 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R.L 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $200,000. 

Fred W. Arnold, President. Secretary, James E. Tilllnghast. 



Detailed Statement of Stocks, 



500 shares Old National Bank 

200 " National Bank of Commerce 

200 " American National Bank 

30 " Third National Bank . 
100 " Fourth National Bank . 
100 " First National Bank, Warren 

40 " American Screw Company 
United States bonds 
Union Pacific Railroad bonds . 



R.I 



Bonds, Etc. 

Par value. 

$50,000 00 
10,000 00 
10,000 00 
3,000 00 
10,000 00 
10,000 00 
10,000 00 
50,000 00 
20,000 00 



Market value. 

$54,000 00 

9,400 00 

9,400 00 

3,150 00 

11,500 00 

10,000 00 

10,400 00 

51,918 75 

21,600 00 



$173,000 00 $181,368 75 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . . $129,900 00 



Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in Old National Bank 
Premiums in course of collection (gross) 



181,368 75 

602 24 

25,546 22 

12,971 66 



212 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Rents due and accrued . . . . $2,249 50 

Premiums more than 3 months due, " $492 56 

Gross Assets ...... $352,038 37 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Dividends to stockholders unpaid . 

Due and accrued for rent, salaries, etc, 

State and local taxes 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$9,848 50 

745 00 

58,220 54 

165 80 

500 00 

500 00 

2,000 00 



71,979 84 



Surplus over Capital 



. $280,658 53 
. 200,000 00 

. $80,658 53 



Income. 

Cash received for fire premiums . . . $106,479 29 
Deduct re-insurance and return premiums . 8,704 31 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $9,357 i)Q 
Deduct re-insurance and return premiums . 237 13 

Net cash rec'd for marine and inland prems. . 

Interest and dividends received from all sources 

Income from rents . . . . .... 



Gross Cash Income 



$97,774 98 



9,120 53 

11,947 19 

7,719 35 

.26,562 05 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 
for salaries and agency expenses 
for state and local taxes . 
for incidentals 



,602 01 
379 27 



:,860 99 
59 36 



$44,222 74 



4,801 63 

16,539 50 

17,516 67 

17,227 49 

4,745 02 

2,416 66 



Gross Cash Expenditures 



. $107,469 



1879.] 



INS. COS. OF OTHER STATES. 



213 



Eisks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . . . 
Deduct risks expired and terminated 

In force at end oi' year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



19,116,869 00 
11,749,896 00 

120,866,765 00 
. 9,993,126 00 

$10,873,639 00 
90,406 00 



Premiums. 

$103,653 91 
106,479 29 

$210,133 20 
94,861 51 

$115,271 69 

835 27 



$10,783,233 00 


$114,436 42 


. $38,298 00 


$492 09 


. 1,719,029 00 


9,357 66 



51,757,327 00 
1,675,611 00 



$,849 75 
8,981 59 



$81,716 00 $868 16 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year. 
Company's stock owned by directors .... 



$1,610,751 22 

1,194,063 22 

290,000 00 

16,000 00 

45,897 21 

3,632 41 

44,430 00 



EXCHANGE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 9, 1853. Commenced business May, 1853.] 
Paid-up Capital, $200,010. 

R. Carman Combes, President. Secretary, Geo. W. Montgomery. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $200,000 00 $207,000 00 



United States bonds, 5s . 

Securities held as collateral for cash loans 

United States bonds 

United States bonds 

Phoenix National Bank, N.Y. . 

Rutgers Fire Insurance Company 

Oriental Bank 

Citizens' Bank 

New York Equitable Insurance Company 

Home Insurance Company 



1900 00 
1,900 00 



Market value. Loaned thereon. 

$1,030 00 
2,000 00 ( 

060 00 i 
2,550 00] 

025 00 j 
1,500 00 I 7,500 00 
1,680 00 j 
:),900 00J 



214 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Harlem Gas-Light Company . . * . 
New York City Insurance Company 
Hamilton Fire Insurance Company. 
Harlem and New York Navigation Company 
National Mechanics' Banking Association 
Firemen's Trust Insurance Company 
Mechanics' Fire Insurance Company 
American Exchange Insurance Company 
Marine National Bank . 
Manhattan Life Insurance Company 
Sterling Fire Insurance Company . 
Manhattan Fire Insurance Company 
Harlem and New York Navigation Company 
Sterling Fire Insurance Company . 
Franklin and Emporium Fire Insurance Co. 
Park Fire Insurance Company 
Republic Fire Insurance Company . 
Commercial Fire Insurance Company 
New York Fire Insurance Company 
Importers' and Traders' Insurance Company 
Continental National Bank 
Irving National Bank . '. 
Bowery National Bank .... 
Butchers' and Drivers' National Bank . 
Gallatin National Bank . . . 
Bank of State of New York . 
East River Bank ..... 
Williamsburg Gas-Light Company scrip 
Ridgewood Insurance Company 
St. Louis, Jacksonville, and Chic. R.R. bonds 
Central Park, N. and E. River Railroad bonds, 



$440 

490 

954 

1,710 

937 

220 

875 

500 

2,625 

5,250 

800 

1,590 

250 

400 

375 

770 

1,540 

2,750 

1,725 

1,010 

1,500 

1,200 

750 

1,682 

362 

360 

365 

1,125 

1,000 

1,100 

3,150 



00] 



00 

00 i 
00 j 
50"] 

00 ' 



y $3,100 00 



00 . 

00 j 

00 

00 

00 

00 

00 

00) 

oo r 

00' 

00 

00) 

00 > 

00 

00 

00' 

00 

50 

50 

00 

00 

00 J 

00 > 

00 > 

00 



\- 2,000 00 



1,500 00 

2,000 00 

700 00 

1,300 00 

200 00 

1,200 00 

950 00 
3,000 00 

900 00 
1,000 00 



[ 4,000 00 



1,750 00 
2,000 00 



$51,811 50 $35,900 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Bonds, as per schedule .... 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Nat'l Mechanics' B'k'g Asso 
Interest due and accrued .... 
Premiums in course of collection (net) . 
Gross Assets ..... 



$97,250 00 

2,494 33 

207,000 00 

35,900 00 

5,075 29 

13,466 65 

550 40 

8,638 85 



$370,375 52 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$96,000 00 
134,000 00 
107,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



215 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . 



$13,250 00 

7,200 00 

55,172 54 

447 00 

1,000 00 



Surplus over Capital 



$77,069 54 

$293,305 98 
200,010 00 

$93,295 98 



Income. 

Cash received for fire premiums . . . $124,085 69 

Deduct re-insurance and return premiums . 8,520 34 

Net cash received for fire premiums . . " — — $115,565 35 

Cash received for marine and inland premiums . . . 516 50 

Interest received on bonds and mortgages .... 7,812 98 

Interest and dividends received from all other sources . . 11,173 43 

Income from rents ......... 4,647 50 



Gross Cash Income . . . ...... $139,715 76 



Expenditures. 

Cash paid for fire losses . . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses .... 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures . . . . 



$71,237 36 
788 69 



$70,448 67 
20,001 00 
18,541 93 
18,460 00 
8,313 09 
11,691 80 

$147,456 49 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$18,903,772 00 
21,684,539 00 

$40,588,311 00 
24,707,291 00 

$15,881,020 00 
184,475 00 



Premiums. 

$91,139 06 
103,277 97 

$194,417 03 
83,167 05 

1111,249 98 

881 59 



Net amount in force 



$15,696,545 00 $110,365 39 



216 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, i 

Marine risks outstanding Dec. 31, 1878 . . $30,100 00 $1,249 00 
Marine risks written during 1879 . ' . . 29,210 00 516 50 



Total ....... $59,310 00 $1,765 50 

Deduct risks expired and terminated . . 40,910 00 1,343 50 



In force at end of year ..... $18,400 00 $422 00 

Miscellaneous. 

Premiums received from organization of company . $2,560,327 83 
Losses paid from organization of company .... 1,503,688 65 

Cash dividends declared from organization of company . 262,618 50 

Dividends declared during the year (10 per cent) . . . 20,001 00 

Fire losses incurred during the year . . . . 79,908 67 

Company's stock owned by directors . . . . . 96,300 00 



FAIRFIELD FIRE INSURANCE COMPANY, SOUTH NOR- 

WALK, CONN. 

[Incorporated July, 1869. Commenced business May, 1870.] 

Paid-up Capital, $200,000. 

Winfield S. Hanford, President. Secretary, Henry R. Turner. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $65,000 00 $67,600 00 

Fairfield county bonds . . . . . 13,000 00 13,130 00 

St. Joseph city bonds ..... 6,000 00 6,000 00 

Portland (Ind.) town bonds .... 3,000 00 2,895 00 

New Jersey Midland Railroad bonds ... 500 00 400 00 

216 shares Norwalk Lock Company . . 5,400 00 4,320 00 



$92,900 00 $94,345 00 
Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

48 share* Norwalk Lock Company . . , . $960 00 $850 00 

50 shares Manufacturers' and Merchants' Bank, 1,850 00) o 4 rA aa 
Prospect Park Railroad bonds . . . 2,000 00 > 

Paid-up policy Mutual Life Insurance Co. . 10,500 00 1,800 00 

New Orleans city bonds 1,500 00 1,000 00 



$16,810 00 $7,100 00 

Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . . $58,835 55 
Loans on mortgage of real estate (first liens*), 89,067 62 

* Value of lands mortgaged $71,600 00 

Value of buildings thereon 114,000 00 

Amount of insurance hold as collateral .... 72,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



217 



Interest due or accrued thereon 
Stocks and bonds, as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued . 
Due from Massachusetts Loan and Trust Co. 
Gross Assets . . .>' 



S3, 615 26 
94,345 00 

7,100 00 

2,599 SI 
12,691 69 

2,538 83 

22,819 27 

530 75 

2,500 00 



$296,643 78 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents .... 
Brokerage ..... 



Gross cash income 



11,409 64 
8,950 00 
3,028 48 

59,792 48 

450 00 

5,704 81 



1140,613 49 
20,230 86 



sources 



79,335 41 

£217,308 37 
200,000 00 

$17,308 37 



$120,382 63 
8,985 40 
6,879 35 
1,582 40 
1,613 21 

$139,442 99 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
» for state and local taxes . 

for incidentals 

Gross Cash Expenditures . 
28 



S97,997 22 
10,360 72 



$87,636 50 
18,000 00 
22,153 24 

11,888 85 
1,818 17 
7,800 50 

$119,297 26 



218 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Eire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Risks and Premiums. 

. Premiums. 

$14,665,732 00 $130,012 48 
13,446,389 00 140,613 49 



$28,112,121 00 $270,625 97 
12,902,137 00 144,653 23 



$15,209,984 00 
319,495 00 



.25,972 74 
4,157 46 



$14,890,489 00 $121,815 28 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (9 per cent) 

Fire losses incurred during the year . 

Company's stock owned by directors ..'.'.. 



,251,160 70 

762,351 27 

164,000 00 

18,000 00 

83,505 32 

84,100 00 



FARRAGUT FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 

Paid-up Capital, $200,000. 

John M. Furman, President. Secretary, Samuel Darbee. 

Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value. 

United States bonds ..... $260,000 00 $276,575 00 
Fourth National Bank stock .... 10,000 00 10,600 00 



$270,000 00 $287,175 00 



Securities held as collateral for cash loans: 



Fourth National Bank stock . 
Enterprise Insurance Company stock 
Broadway Railroad Company stock 
New York Ferry Company stock . 
Fourth National Bank stock . 
Broadway Railroad Company stock 
United States Express Company stock 
Citizens' Gas-Light Company stock 
Manufacturers' National Bank stock 
Murray Hill Bank stock . 
Hoffman Insurance Company stock 
Bnshwick Railroad Company stock 
Phenix Insurance Company stock . 





Market value. Loaned thereon. 




$1,095 00 > 
255 00 \ 


$1,000 00 




24,062 50 > 
9,375 00 \ 


22,000 00 




21,900 00 


12,000 00 




2,000 00 


1,000 00 




4,800 00 


1,500 00 




2,920 001 






940 50 1 
4,200 00 f 


4,000 00 




900 00 J 






850 00 


300 00 




2,300 00 


1,150 00 




$75,598 00 


$42,950 00 



1879.] 



INS. COS. OF OTHER STATES. 



219 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $44,000 00 

Loans on mortgage of real estate (first liens*), 18,000 00 

Interest due or accrued thereon . . . 30G 08 

Stocks and bonds, as per schedule . . . 287,175 00 

Loans on collateral security, as per schedule . 42,950 00 

Cash in the office of the company . . . 762 31 

Cash deposited in various banks . . . 19,165 19 

Interest due and accrued .... 702 02 

Premiums in course of collection (gross) . . 9,420 89 

Rents due and accrued . . . . . 307 50 
Office furniture, etc. . . . $4,000 00 
Premiums more than 3 months due, 200 78 

Gross Assets ...... 

Liabilities. 

Losses claimed and reported .... $8,652 58 

Unearned premiums on outstanding risks . 70,791 05 

Due and accrued for rent, salaries, etc. . . 3,165 41 

Commissions and brokerage .... 1,346 75 

Premiums paid in advance .... 13,276 53 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $133,860 38 

Deduct re-insurance and return premiums . 10,549 41 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income . 

Expenditures 

Net cash paid for fire losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

for taxes and repairs on real estate 

Gross Cash Expenditures 



122,788 99 



97,232 32 

$325,556 67 
200,000 00 

$125,556 67 



$123,310 97 

1,760 05 

16,565 92 

3,293 77 

$144,930 71 



$48,523 00 
30,000 00 
19,418 53 
22,050 00 

5,514 61 
20,153 62 

1,549 50 

$147,209 26 



* Value of lands mortgaged . 
Value <>r buildings thereon 
Amount of Insurance held as collateral 



$i4,r>oo oo 
21,000 oo 
18,500 00 



220 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$24,955,185 00 
28,412,151 00 

$53,367,336 00 
25,865,149 00 

$27,502,187 00 
126,160 00 



Premiums. 

$123,714 64 
134,769 73 

$258,484 37 
118,958 81 

$139,525 56 
901 06 



$27,376,027 00 $138,624 50 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . . . 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



,071,153 89 

339,986 10 

192,000 00 

30,000 00 

56,823 75 

96,500 00 



FIRE ASSOCIATION OF PHILADELPAIA, PHILADELPHIA, 

PENN. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

A. Loudon Snowden, President. Secretary, Jacob H. Lex. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$486,000 00 $508,075 00 
438,000 00 520,710 00 



United States bonds 

Philadelphia city bonds 

Cincinnati city bonds 

Camden city bonds . 

Masonic Temple bonds 

Pittsburg city bonds 

Pennsylvania Railroad bonds 

Pennsylvania Company bonds 

Lehigh Coal and Navigation Company bonds 

Lehigh Valley Railroad bonds 

Philadelphia and Reading Railroad bonds 

Catawissa Railroad bonds 

Philadelphia and Erie Railroad bonds 

Camden city warrants .... 

Shamokin Valley and Pottsville R.R. bonds 

Pennsylvania and New York Canal Co. bonds, 

Texas and Pacific R.R. 'bonds 



50,000 00 

6,000 00 

20,000 00 

50,000 00 

108,000 00 

100,000 00 

100,000 00 

132,000 00 

10,000 00 

10,000 00 

14,000 00 

7,355 99 

20,000 00 

4,000 00 

10,000 00 



58,500 00 

7,200 00 

21,200 00 

53,500 00 

122,570 00 

104,000 00 

101,500 00 

149,680 00 

8,000 00 

11,400 00 

15,260 00 

7,355 99 

21,000 00 

4,720 00 

10,325 00 



1879.] 



INS. COS. OF OTHER STATES. 



221 



3,000 shares Pennsylvania Railroad 
1,600 " Lehigh Coal and Navigation Co. . 
331 " Phila., Ger. and Norristown R.R. 
70 " Chestnut Hill Railroad 
1,236 " Fire Association . $370,800 00 



Securities held as collateral for cash loans : 

100 shares Fire Association 
31 " Citizens' Railroad . 
100 " Union Railroad . . 
Pittsburg, Cinn., and St. Louis R.R. bonds 
American Steamship Company bonds 
Pennsylvania Company bonds 
Union and Titusville Railroad bonds 
Cincinnati city bonds . . 
Lehigh Valley Railroad bonds 
500 shares Pennsylvania Railroad Company 



1150,000 00 $152,625 00 



80,000 00 

16,550 00 

3,500 00 



61,000 00 

33,927 50 

7,175 00 



,815,405 99$1,979,723 49 



Market value. 

$31,500 00 
4,960 00 

10,000 00 

11,000 00 
5,000 00 
5,200 00 
4,000 00 

13,800 00 
6,000 00 

25,000 00 



Loaned thereon. 

$24,941 30 

4,000 00 

4,888 26 

' 14,664 78 

4,850 00 

2,444 13 

12,000 00 

!■ 24,441 30 



$116,460 00 $92,229 77 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . $61,800 00 

Loans on mortgage of real estate (first liens*), 1,116,611 78 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Fidelity Trust and S. D. Co 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 
Deduct special deposits in other states . 



Balance 



27,647 39 
1,979,723 49 

92,229 77 
139,233 17 
241,574 15 

25,725 00 
110,373 22 



$3,794,917 97 
62,550 00 



$3,732,367 97 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire polices 
Dividends to stockholders unpaid . 
State and local taxes .... 



$38,573 35 

64,248 50 

15,800 00 

667,121 31 

1,693,970 01 

974 00 

2,391 05 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance bold aH collateral 



$804,900 00 
2,417,150 
008,150 



222 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage . 
Return premiums .... 
Re-insurance premiums due . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 



Surplus as regards policy-holders . 



126,843 30 

8,568 48 

481 81 



1,518,971 81 
34,547 82 



-$2,484,423 99 

.,247,943 98 

Paid-up Capital . 500,000 00 

Surplus over Capital $747,943 98 



,296,334 49 
136,376 2L 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages . 

Interest and dividends received from all other sources . 

Income from rents ......... 

Income from miscellaneous sources . 

Deposits received for perpetual fire risks . $67,718 09 

Gross Cash Income i 



81,160,008 28 

79,813 03 

129,006 00 

732 81 

7,166 19 



,376,726 31 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Deposits returned on perpetual fire risks 

Gross Cash Expenditures 



$620,088 14 

199,560 00 

272,545 71 

52,396 37 

40,639 43 

16,451 32 



$49,373 03 



$1,201,680 97 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$169,070,653 00 $2,729,887 86 
118,074,757 00 1,296,384 49 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$287,145,410 00 $4,026,272 35 
91,506,227 00 948,276 15 



$195,639,183 00 $3,077,996 20 
485,705 00 3,194 48 



Net amount in force 



$195,153,478 00 $3,074,801 72 



1879.] 



INS. COS. OF OTHER STATES. 



223 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 

Fire losses incurred during the year .... 
Company's stock owned by directors . 



19,986,033 00 

4,235,288 00 

1,779,762 00 

200,000 00 

667,255 96 

72,550 00 



FIREMAN'S FUND INSURANCE COMPANY, SAN FRANCISCO, 

CAL. 

[Incorporated May, 1863. Commenced business June, 1863.] 

Paid-up Capital, $300,000. 

D. J. Staples, President. Secretary, George D. Dornin. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 1160,000 00 $167,595 00 

Oakland city bonds 25,000 00 29,250 00 

Oakland Gas-Light Company bonds . . 17,000 00 17,000 00 

133 shares First National Bank . . . 13,300 00 13,300 00 



$215,300 00 $227,145 00 



Securities held as collateral for cash loans : — 



51 shares California Powder Company 
110 
165 

10 

10 
100 
100 
440 

10 



National Bank and Trust Company, 
National Bank and Trust Company, 
Union Savings Bank 
Franco- American Bank . 
California Powder Company 
First National Bank 
Masonic Hall Association 
Franco- American Bank . 



Market value. 

$5,100 00 

5,500 00 

8,250 00 

350 00 

500 00 

10,000 00 

10,000 00 

5,000 00 

500 00 



Loaned thereon 

$3,300 00 

4,400 00 

5,150 00 

650 00 

5,000 00 

6,000 00 

4,000 00 

500 00 



15,200 00 $29,000 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $200,898 25 

Loans on mortgage of real estate (first liens*), 160,600 00 

Interest due or accrued thereon . . . 1,303 73 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held uh collateral 



$286,000 00 
170,750 00 
100,800 00 



224 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Rents due and accrued . 
Return taxes ..... 
Gross Assets .... 
Deduct special deposits in other states 



Balance 



$227,145 00 

29,000 00 

4,086 22 

40,597 52 

1,633 45 

51,265 97 

22,411 50 

185 00 

2,887 33 



$742,013 97 
50,000 00 

$692,013 97 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Bills payable . . . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital 



$2,650 00 

29,682 20 

8,900 00 

$41,232 20 
4,000 00 

$37,232 20 

263,780 89 

134 00 

6,345 75 

$307,492 84 
6,606 32 



300,886 52 



. $391,127 45 
. 300,000 00 



Surplus over Capital 



»1,127 45 



Income. 

Cash received for fire premiums . . . $466,840 16 
Deduct re-insurance and return premiums . 76,995 65 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $129,483 96 
Deduct re-insurance and return premiums . 45,104 08 

Net cash rec'd for marine and inland prems. . - 

Unpaid premium notes rec'd during the year . $21,833 96 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents . . . . . .... 



Gross Cash Income 



$389,844 51 



84,379 88 

22,168 13 

8,677 00 

15,044 13 

$520,113 65 



1879.] 



INS. COS. OF OTHER STATES. 



225 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses. . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . . 

Gross Cash Expenditures . 



$280,820 51 
18,869 51 

$80,020 42 
32,350 52 



£261,951 00 



$47,669 90 
60,518 49 
56,907 76 
34,009 15 
8,275 14 
72,618 22 

$541,949 66 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount' re-insured 

Net amount in force 



,761,272 00 
37,007,149 00 

$73,768,421 00 
38,758,017 00 

$35,010,404 00 
. 2,711,797 00 



Premiums. 

$483,427 44 
477,539 91 

$960,967 35 
491,325 14 

$469,642 21 
34,820 98 



$32,298,607 00 $434,821 23 



$1,258,603 00 
. 5,069,050 00 

$6,327,653 00 
. 5,603,322 00 

. $724,331 00 
. 163,833 00 



$72,124 76 
127,785 39 

$199,910 15 
144,061 48 

$55,848 67 
14,108 65 



$560,498 00 . $41,740 02 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 

2U 



$5,999,027 87 

3,940,056 86 

844,000 00 

60,000 00 

256,619 00 

57,628 75 

52,800 00 



226 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FIREMEN'S INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2, 1826.] 

Paid-up Capital, $378,000. 

James M. Anderson, President. Secretary, R. E. Warfield. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$170,700 00 $189,510 25 
148,206 21 154,210 54 



Baltimore city bonds 

Maryland state bonds 

Virginia state bonds 

Tennessee state bonds 

Baltimore and Ohio Railroad bonds 

Com. and Farmers' National Bank, Baltimore, 

Farmers' and Merchants' Nat'l Bank, Bait. 

Merchants' National Bank . 

Mechanics' National Bank .'.'.'. 

Franklin National Bank . 

National Bank of Baltimore . 



74,513 85 

43,000 00 

20,000 00 

31,000 00 

1,200 00 

700 00 

8,080 00 

725 00 

13,200 10 



25,358 42 

13,360 00 

20,600 00 

32,550 00 

1,260 00 

819 00 

8,282 00 

391 50 

15,180 00 



1,325 06 1461,521 71 



Surplus over Capital 



,094 00 

461,521 71 

145 28 

21,897 49 

7,226 34 

3,786 31 

362 50 



Summary of Assets Dec. 31, 1879 

Cash value of unencumbered real estate . 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in National Farmers' 
Planters' Bank ..... 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



17,261 74 


4,782 


95 


250 


00 


54,427 


22 


491 


75 


1,284 


27 


214 


42 


52 


41 



$545,033 63 



68,764 76 

$476,268 87 
378,000 00 



,268 87 



1879.] 



INS. COS. OF OTHER STATES. 



227 



Income. 

Cash received for fire premiums . 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents . . . . . . 



$143,696 44 
8,235 62 



$135,460 82 

24,937 78 

1,565 00 



Gross Cash Income $161,963 60 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses .... 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 



$79,062 33 
619 37 



$78,442 96 

73,425 25 

16,822 04 

7,750 00 

7,736 02 

7,126 76 

. $191,303 03 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

,716,356 00 $87,968 98 
24,641,945 00 143,696 44 



$43,358,301 00 $231,665 42 
22,723,890 00 123,760 09 



$20,634,411 00 $107,905 33 
112,912 00 956 74 



$20,521,499 00 $106,948 59 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year . . . . 

Fire losses incurred during the year . 

Company's stock owned by directors . . . . 



^,851,885 36 

2,271,785 56 

2,926,680 24 

31,500 00 

52,784 83 

19,188 00 



228 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FIREMEN'S INSURANCE COMPANY, DAYTON, O. 

[Incorporated April, 1856. Commenced business 1856.] 
Paid-up Capital, $250,000. 

S. Craighead, President. Secretary, J. S. Miles. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $95,000 00 $98,462 50 

Dayton city bonds 21,000 00 22,500 00 

Music Hall Company bonds . . . . 5,400 00 5,400 00 

Troy (O.) bonds : 28,000 00 29,010 00 

Wapakoneta (O.) bonds ..... 2,000 00 2,000 00 

Montgomery county (O.) bonds . . . 700 00 700 00 

135 shares Merchants' National Bank . . 13,500 00 14,850 00 

220 " Dayton National Bank . . . 2,200 00 2,860 00 



Securities held as collateral for cash loans : 



Eagle White Lead Company stock . 
Cooper Hydraulic Company stock . 
Second National Bank stock . 
Dayton Street Railroad stock . 



$167,800 00 $175,782 50 



Market value. 

$18,000 00 
20,000 00 
15.000 00 

1,474 00 



Loaned thereon. 

.110,000 00 
12,500 00 

10,500 00 
532 50 



$54,474 00 $33,532 50 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $16,391 02 

Loans on mortgage of real estate (first liens*), 102,767 52 

Interest due or accrued thereon . . . 2,502 24 

Stocks and bonds, as per schedule . . . 175,782 50 

Loans on collateral security, as per schedule . 33,532 50 

Cash in the office of the company . . . 4,820 06 

Cash deposited in Y. Winters & Son's Bank . 34,753 33 

Interest due and accrued .... 2,284 41 

Premiums in course of collection (gross) . 22,830 68 

Notes taken for marine and inland risks . . 1,582 51 

Gross Assets ...... 

Liabilities. 

Losses claimed and reported .... $7,149 17 

Losses disputed or resisted .... 1,500 00 

Unearned premiums on outstanding risks . 80,944 76 

Dividends to stockholders unpaid . . . 1,216 00 



$397,246 77 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



M 50,435 00 

102,700 00 

65,440 00 



1879.] 



INS. COS. OF OTHER STATES. 



229 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



$838 48 
2,300 00 



$93,948 41 

$303,298 36 
250,000 00 

$53,298 36 



Income. 

Cash received for fire premiums . . . $128,440 72 

Deduct re-insurance and return premiums . 20,352 95 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Income from rents . . . . . .... 



Gross Cash Income 



$108,0S7 77 

3,772 24 

19,412 01 

484 76 

$131,756 78 



Expenditures 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$49,396 15 
1,354 59 



$48,041 56 
23,964 50 
18,724 54 
13,627 08 
2,830 22 
14,032 13 

$121,220 03 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$12,994,666 00 $140,029 36 
11,843,569 00 128,440 72 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$24,838,235 00 $268,470 08 
10,126,278 00 106,463 46 



$14,711,957 00 $162,006 62 
226,964 00 2,747 86 



$14,484,993 00 $159,258 76 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$1,299,114 83 

458,910 56 

361,892 40 

25,000 00 

50,9 13 98 

63,180 00 



230 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
FIREMEN'S INSURANCE COMPANY, NEWARK, N J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $400,000. 

S. R. W. Heath, President. Secretary, Daniel H. Dunham. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Morris and Essex Railroad stock 

First National Bank stock 

Newark City National Bank stock 

Second National Bank stock . 

National Newark Banking Company stock 

Essex Company National Bank stock 

National State Bank stock 

American Insurance Company stock 

Newark Fire Insurance Company stock . 

Newark City Insurance Company stock . 

Germania Insurance Company stock 



Par value. 

$130,000 00 

11,800 00 

5,000 00 

5,000 00 

10,000 00 

4,800 00 

6,050 00 

5,550 00 

20,000 00 

2,340 00 

3,750 00 

2,000 00 



Market value. 

$140,850 00 

12,036 00 

4,750 00 

6,250 00 

12,000 00 

5,760 00 

7,502 00 

5,716 50 

29,000 00 

3,042 00 

3,562 50 

1,000 00 



$206,290 00 $231,469 00 



Securities held as collateral for cash loans: — 

Second National Bank stock .... 

Merchants' Insurance Company stock 

Bonds and mortgage ..... 



Market.value. Loaned thereon. 

112,000 00 $8,000 00 

2,660 00 1,900 00 

20,000 00 7,000 00 



$34,660 00 $16,900 00 



Summary op Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 



$162,218 32 



Loans on mortgage of real estate (first liens*), 676,470 00 

Interest due or accrued thereon . . . 19,488 93 

Stocks and bonds, as per schedule . . . 231,469 00 

Loans on collateral security, as per schedule . 16,900 00 

Cash in the office of the company . . . 8,057 85 

Cash deposited in Newark City National Bank, 29,046 61 

Interest due and accrued .... 602 43 

Premiums in course of collection (gross) . 5,240 86 

Rents due and accrued . . . . 612 50 

Gross Assets . . . . . . $1,150,106 50 

Liabilities. 

Losses claimed and reported .... $4,856 20 

Unearned premiums on outstanding risks . 103,594 47 



* Total value of property mortgaged $1,677,100 00 

Amount of insurance held as collateral .... 905,640 00 



1879.] 



INS. COS. OF OTHER STATES. 



231 



Reclaimable on perpetual fire policies 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$288 80 

2,416 00 

646 90 

732 03 



Surplus over Capital 



$112,534 40 

1,037,572 10 
400,000 00 

$637,572 10 



Income. 

Cash received for fire premiums . . . $183,51919 
Deduct re-insurance and return premiums . 8,506 37 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$175,012 82 

43,662 23 

17,693 29 

5,360 82 

$241,729 16 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid 

Cash paid for redemption of scrip . 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



592,386 09 
5,381 08 



,005 01 

48,000 00 

322 00 

100 74 

22,724 92 

16,750 00 

5,924 86 

13,122 86 

. $193,950 39 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$27,528,154 00 $216,410 22 
26,415,168 00 181,475 62 



Total ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$53,943,322 00 $397,885 84 
26,570,356 00 192,664 63 



$27,372,966 00 $205,221 21 
233,950 00 1,787 33 



Net amount in force 



$27,139,010 00 $203,433 88 



232 FIRE, MARINE, AND FIRE-MARINE [Dec 31, 



Miscellaneous. 
Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



12,713,986 74 

853,689 51 

438,500 00 

48,000 00 

87,787 98 

248,660 00 



FIREMEN'S INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated 1825. Commenced business 1825.] 
Paid-up Capital, $204,000. 

John F. Halsted, President. Secretary, P. H. Oakley. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market valne. 

United States bonds .... 
Bank of New York stock 
Metropolitan National Bank stock . 



American Exchange National Bank stock 



$225,000 00 $232,656 25 

6,700 00 9,212 50 

6,000 00 7,950 00 

4,000 00 4,500 00 



$241,700 00 $254,318 75 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), 58,800 00 

Interest due or accrued thereon . . . 1,365 30 

Stocks and bonds, as per schedule . . . 254,318 75 

Cash in the office of the company . . . 949 92 

Cash deposited in various banks . . . 1,718 93 

Interest due and accrued .... 568 00 

Premiums in course of collection (gross) . 4,113 64 
Premiums more than 3 months due, $263 12 

Gross Assets ...... 



Liabilities. 

Losses adjusted, unpaid . . ... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$8,378 50 

6,451 31 

2,500 00 

30,112 36 

683 33 

691 60 

81 24 



$321,834 54 



48,898 34 

$272,936 20 
204,000 00 

$68,936 20 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$92,700 00 
65,300 00 
64,725 00 



1879.] 



INS. COS. OF OTHER STATES. 



233 



Income. 
Cash received for fire premiums . . . $55,858 72 
Deduct re-insurance and return premiums . 2,744 76 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $2,280 96 
Deduct re-insurance and return premiums . 20 00 

Net cash received for marine and inland prems. 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income . . . . .... 



$53,113 96 



2,260 96 

3,812 25 

11,372 61 

$70,559 78 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals ..... 

Gross Cash Expenditures .... 



2,099 78 
1,501 40 



$30,598 38 

84 11 

17,340 00 

6,885 04 

12,100 07 

1,298 72 

6,815 25 

$75,121 57 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1879 . 
Deduct risks expired and terminated 

In force at end of year 



$9,709,265 00 
11,600,990 00 



Premiums. 

$47,526 57 
57,167 08 



$21,310,255 00 
10,656,180 00 


$104,693 65 
46,091 02 


$10,654,075 00 
276,177 00 


$58,602 63 
1,556 09 


$10,377,898 00 

. $151,443 00 

45,068 00 


$57,046 54 

$2,475 96 
90 89 



$106,375 00 $2,385 07 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 

Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned bv directors . 

30 



$4,077,414 96 

2,557,238 11 

1,318,918 17 

17,310 00 

32,894 13 

1,010 42 

60,962 00 



234 FIRE, MARINE, AND FIRE-MARINE [Dec, 31, 

FRANKLIN FIRE INSURANCE COMPANY, PHILADELPHIA, 

PENN. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 

Paid-up Capital, $400,000. 

Alfred G. Baker, President. Secretary, Ezra T. Cresson. 



Detailed Statement of Stocks, Bonds, Etc 

Par value. 

United States bonds $160,000 00 

Mississippi state warrants . 15,000 00 

New Jersey state bonds ..... 4,000 00 

Maine state bonds . . . . . 7,000 00 

Philadelphia city bonds ..... 50,000 00 

Columbus (O.) city bonds . . . . 10,000 00 

Camden city bonds . . ... . 1,000 00 

West Jersey Railroad bonds .... 10,000 00 

Philadelphia and Reading Railroad bonds . 8,000 00 

Pennsylvania Railroad bonds .... 15,000 00 

Harrisburg, P. L., and Mt. Joy R.R. bonds . 25,000 00 

Hestonville, M., and F. Railroad bonds . . 10,000 00 

Lehigh Coal and Navigation Company bonds . 15,000 00 

100 shares Commercial National Bank . . 5,000 00 

16 " Continental Hotel Company . •. 1,600 00 



Market value. 

5,800 00 
12,750 00 

4,400 00 

8,032 50 
59,875 00 
10,750 00 

1,100 00 
11,650 00 

6,240 00 
15,225 00 
26,625 00 
10,350 00 
15,900 00 

6,600 00 

1,120 00 



$336,600 00 $356,417 50 



Securities held as collateral for cash loans : — 



Pennsylvania Railroad bonds . 

20 shares Metropolitan National Bank . 

Harrisburg, P. L., and Mt. Joy R.R. bonds 

West Chester and Philadelphia R. R. bonds 

Catawissa Railroad bonds 

Trenton city bonds 

Lehigh Valley Railroad bonds 

New York and Erie Railroad bonds 

36 shares Pennsylvania Railroad bonds 

Rochester and State Line Railroad . 

New York and Erie Railroad bonds 

United States bonds . ... 



Market value. 

$105,000 00 

2,200 00 

2,120 00 

2,260 00 

1,060 00 

1,100 00 

1,150 00 

23,100 00 

1,818 00 

5,840 00 

57,750 00 

30,900 00 



Loaned thereon. 

$100,000 00 
1,700 00 

1 

\ 5,000 00 



J 



1,000 00 

20,000 00 

850 00 

4,500 00 
50,000 00 
30,000 00 



$234,298 00 $213,050 00 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . $581,200 00 

Loans on mortgage of real estate (first liens*), 1,856,491 67 



* Total value of property mortgaged 
Amount of insurance held as collateral 



£4,223,995 00 
2,063,975 00 



1879.] 



INS. COS. OF OTHER STATES. 



235 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . . * 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) . 

Re-insurance deposit premiums 

Gross Assets ..... 
Deduct special deposits in other states . 

Balance . 

Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . ... 

disputed or resisted .'■'.. 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies. . 
Dividends to stockholders unpaid . 
Surveys ....... 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



139,674 71 

356,417 50 

213,050 00 

3,103 29 

166,983 50 

4,937 42 

40,413 12 

356 25 



-$3,262,627 46 
70,087 50 

$3,192,539 96 



$23,327 09 

12,383 63 

10,824 41 

441,906 91 

1,406,998 92 

904 00 

2,736 00 

$1,899,080 96 
17,329 09 



Surplus over Capital . 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from all other sources 

Deposits received for perpetual fire risks 

Gross Cash Income . . . . 

Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Deposits returned on perpetual fire risks 

Gross Cash Expenditures 



1,881,751 87 

51,310,788 09 

400,000 00 

$910,788 09 



$579,071 86 
66,320 94 



sources 



$60,448 75 



85,011 62 



$512,750 92 

120,053 44 

17,228 75 

11,129 66 

$661,162 77 

$367,729 35 
128,528 00 
65,401 47 
78,857 29 
26,144 20 
98,678 00 

$765,341 31 



236 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

• Premiums. 

. 1142,867,353 00 $2,561,774 -19 

56,468,538 00 646,237 13 



Total . . . . 
Deduct risks expired and terminated 

In force at end of year 
Perpetual risks in force . 



$199,335,891 00 $3,208,011 32 
60,660,302 00 754,757 88 



1138,675,589 00 $2,453,253 44 
$60,343,806 00 $1,508,296 79 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (32 per cent) . 
Fire losses incurred during the year . ... 
Company's stock owned by directors » 



$20,512,489 64 

11,456,566 58 

. 3,836,000 00 

. 128,000 00 

. 367,729 35 

53,200 00 



GERMAN FIRE INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated March, 1865. Commenced business March, 1865.] 

Paid-up Capital, $500,000. 
Charles Weber, President. Secretary, Charles Weber, Jun. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value . 

United States bonds $165,000 00 $172,200 00 

Maryland state bonds . . . . . 20,000 00 21,800 00 

Baltimore city bonds 30,000 00 34,200 00 

Western Maryland Railroad bonds . . . 26,000 00 29,900 00 

Canton county bonds . , . . . 115,000 00 123,050 00 

Northern Central Railroad bonds . . . 24,000 00 25,760 00 

Marietta and Cincinnati Railroad bonds . . 53,500 00 55,640 00 

Baltimore and Ohio Railroad bonds . . 5,000 00 5,275 00 

German Bank stock 40,000 00 30,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in German Bank 
Premiums in course of collection (net) 

Gross Assets .... 
Deduct special deposits in other states 



Balance . . . $826,141 94 



$478,500 00 $497,825 00 

31, 1879. 

$147,633 33 

110,569 21 

497,825 00 

234 00 

84,998 80 
11,381 60 

$852,641 94 

26,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



237 



Liabilities. 

Losses claimed and reported .... $20,000 00 

Losses disputed or resisted ■ . . ... 1,250 00 

Total amount of losses $21,250 00 

Less re-insurance ...... 1,850 00 

Net amount of unpaid losses . $10,400 00 

Unearned premiums on outstanding risks . 101,909 70 

Reclaimable on perpetual fire policies . . 8,355 69 

Dividends to stockholders unpaid ... 41 50 

Gross Liabilities, except Capital . . $129,706 89 

Deduct liabilities on special deposits . . 13,451 75 

Surplus as regards policy-holders . . .... 

Paid-up Capital ......... 



Surplus over Capital . 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from rents ...... 



$193,004 06 
9,467 73 



$116,255 14 

$709,886 80 
500,000 00 

$209,886 80 



$183,536 33 

30,544 45 

9,052 54 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Expense on real estate .... 

Gross Cash Expenditures 



'23,133 32 



$74,483 48 
1,465 23 



$73,018 25 

50,000 00 

21,508 07 

11,162 97 

12,973 04 

6,755 09 

4,198 85 

1179,616 27 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$29,142,000 00 $142,671 58 
30,898,400 00 184,079 70 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$60,040,400 00 $326,751 28 
27,868,212 00 129,634 41 



$32,172,188 00 $197,116 87 
9,700 00 513 37 



$32,162,488 00 $196,573 50 



238 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 

Company's stock owned by directors . 



,490,319 00 

468,243 00 

293,000 00 

50,000 00 

93,000 00 

75,070 00 



GERMAN AMERICAN INSURANCE COMPANY, 
NEW YORK, N.Y. 

[Incorporated March 7, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

E. Oelbermann, President. Secretary, James A. Silvey. 



Detailed Statement of Stocks, 

United States bonds 

Missouri state bonds 

Rhode Island state bonds 

Rochester city bonds 

Buffalo city bonds . 

Yonkers city bonds 

New York Central Railroad bonds 

Central Pacific Railroad bonds 

Union Pacific Railroad bonds . 

Kansas Pacific Railroad bonds 

Chicago, Rock Island, and Pacific R.R. bonds 

Erie Railroad bonds .... 

Syracuse, Binghamton, andN. Y. R.R. bonds 

1,000 shares New York and Harlem Railroad 



Bonds, Etc. 

Par value. 

.,700,000 00^1 
50,000 00 
50,000 00 
40,000 00 
25,000 00 
21,000 00 
50,000 00 
40,000 00 
40,000 00 
40,000 00 
50,000 00 
20,000 00 
20.000 00 
50,000 00 



Market value 

,789,151 00 
53,000 00 
55,500 00 
44,800 00 
28,000 00 
23,520 00 
51,500 00 
43,300 00 
43,300 00 
42,900 00 
57,500 00 
23,200 00 
22,800 00 
79,500 00 



Securities held as collateral for cash loans 

United States bonds .... 
Erie Railroad bonds .... 



$2,196,000 00 $2,357,971 00 

Market value. Loaned thereon. 

$1,062 00 $500 00 

34,800 00 25,000 00 



$35,862 00 $25,500 00 
Summary of Assets Dec. 31, 1879. 



Stocks and bonds, as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Premiums in course of collection (gross) . 

Premiums more than 3 months due, $1,823 19 

Gross Assets ..... 
Deduct special deposits in other states . 

Balance ...... 



52,357,971 00 

25,500 00 

1,908 04 

131,416 26 

102,573 34 



$2,619,368 64 
26,000 00 

$2,593,368 64 



1879.] 



INS. COS. OF OTHER STATES. 



239 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income . 



$24,034 80 
53,189 82 
10,261 09 



,485 71 
10,854 42 

$76,631 29 

638,626 75 

28,444 44 

$743,702 48 
2,598 94 



$741,103 54 



$1,852,265 10 
. 1,000,000 00 



2,265 10 



.,156,982 87 
163,502 33 



$993,480 54 
119,207 66 

L, 112,688 20 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$550,665 77 
36,719 77 



$513,946 00 

100,000 00 

148,455 93 

95,697 73 

34,129 67 

110,471 10 



$1,002,700 43 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

. $121,846,485 00 $1,107,875 78 
135,020,839 00 1,139,334 38 



. $256,867,324 00 $2,247,210 16 
110,185,256 00 974,227 54 



$146,682,068 00 $1,272,982 62 
4,108,607 00 47,200 52 



. $142,573,461 00 $1,225,782 10 



240 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . . . 



$7,466,2S6 54 
3,183,072 17 
640,000 00 
100,000 00 
524,346 05 
338,400 00 



GERMAN1A FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1859. Commenced business March, 1859.] 

Paid-up Capital, $500,000* 

Rudolph Garrigue, President. Secretary, Hugo Schumann. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $920,000 00 $961,993 75 
50 shares National Park Bank . . . 5,000 00 5,500 00 



$925,000 00 $967,493 75 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

55 shares First National Bank, Jersey City . $7,15" 00 $5,200 00 
328 " National State Bank, Elizabeth . 8,200 00 

20 " Sterling Fire Insurance Company . 1,600 00 



| 4,500 00 



$16,950 00 



',700 00 



Summary of Assets Dec. 31, 1879. 



Casli value of unencumbered real estate . 



$54,013 50 



Loans on mortgage of real estate (first liens f), 529,100 00 



Interest due or accrued thereon 


17,258 50 




Stocks and bonds, as per schedule . 


. 967,493 75 




Loans on collateral security, as per schedule 


9,700 00 




Cash in the office of the company . 


15,636 08 




Cash deposited in various banks 


2,591 51 




Interest due and accrued ... 


664 90 




Premiums in course of collection (gross) 


60,872 96 




Mississippi deposit ..... 


7,500 00 




Special deposit with United States Trust Co. 


2,000 00 




Gross Assets ..... 


ffi1 666 S11 


20 




Deduct special deposits in other states . 


44,731 


25 


Balance . 


$1,622,099 


95 


* Since increased to $1,000 


000. 






$384,900 00 






521,800 00 




Amount of insurance held as collateral 


489,025 00 





. 879.] 



INS. COS. OF OTHER STATES. 



241 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 

Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



26,704 54 
13,029 63 
28,639 34 



,373 51 

2,462 95 



$65,910 56 
348,166 42 

$414,076 98 
10,592 91 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $599,893 62 

Deduct re-insurance and return premiums . 50,325 96 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income ...... 



Expenditures. 

Cash paid for fire losse 4 ^ .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$231,470 66 
1,087 86 



$403,484 07 

11,218,615 88 
500,000 00 



$718,615 88 



$549,567 66 
35,461 82 
36,691 84 

$621,721 32 



$230,382 80 
70,000 00 
116,846 10 
61,035 20 
36,700 90 
93,999 23 

$608,964 23 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
31 



Premiums. 

$73,333,025 00 $727,867 06 
54,361,392 00 599,893 62 



[27,694,417 00 $1,327,760 68 
50,289,982 00 620,200 53 



$77,404,435 00 $707,560 15 
1,215,008 00 8,761 74 



$76,189,427 00 $698,798 41 



242 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (14 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



111,382,997 00 
5,251,401 38 
1,116,000 00 
70,000 00 
242,143 88 
75,150 00 



GIRARD FIRE AND MARINE INSURANCE COMPANY, 
PHILADELPHIA, PENN. 

[Incorporated March, 1853. Commenced business May, 1853.] 

Paid-up Capital, $300,000. 

Alfred S. Gillett, President. Secretary, Philander C. Royce. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market A r alue. 

$150,000 00 $156,715 25 
17,800 00 21,264 00 



United States bonds 
Philadelphia city bonds . 
Louisville city bonds 
St Louis county bonds . 
American Steamship Company bonds 
Union Pacific Railroad bonds . 
Connecting Railroad bonds 
Pennsylvania Railroad bonds . 
Camden and Amboy Railroad bonds 
Philadelphia and Erie Railroad bonds 
Philadelphia and Reading Railroad bonds 
Philadelphia and Reading Railroad scrip 
Lehigh Navigation Company bonds 
Susquehanna Coal Company bonds 
Lancaster and Reading Railroad bonds 
North Pennsylvania Railroad bonds 
Iowa school bonds .... 



10,000 00 

10,000 00 

5,000 00 

. 5,000 00 

40,000 00 

18,000 00 

17,000 00 

15,000 00 

5,000 00 

1,750 00 

11,000 00 

3,000 00 

10,000 00 

5,000 00 

3,600 00 



11,000 00 

10,500 00 

5,050 00 

5,550 00 

10,900 00 

20,055 00 

18,540 00 

16,450 00 

3,350 00 

1,610 00 

12,100 00 

3,090 00 

10,500 00 

5,631 25 

3,705 00 



$297,150 00 $316,010 50 



Securities held as collateral for cash loans : — 

Phila., Wilmington, and Baltimore R.R. 
United States bonds ..... 
Loan secured by real estate .... 
Loan secured by mortgage .... 



Market value. Loaned thereon. 

$3,250 00 > s7 000 0Q 

10,400 00 i • 

1,500 00 

2,500 00 



$11,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



243 



Summary of Assets Dec. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Perpetual insurance deposit 
Rents due and accrued .... 
Gross Assets ..... 



31, 1879. 

$363,800 00 

362,716 65 

7,190 50 

316,010 50 

11,000 00 

2,409 96 

66,414 65 

80 42 

28,208 60 

1,900 00 

1,866 37 



,161,597 65 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 

Commissions and brokerage . 

Return premiums ..... 

Re-insurance ...... 

Gross Liabilities, except Capital 

Surplus as regards policy-holders *. 
Paid-up Capital . . . 



Surplus over Capital 



$27,002 06 

207,817 57 

59,737 04 

1,083 08 

188 83 

6,376 53 

1,368 51 

198 01 



303,771 63 

$857,826 02 
300,000 00 

$557,826 02 



Income. 

Cash received for fire premiums . . . $269,576 37 

Deduct re-insurance and return premiums . 15,973 02 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents . . . . 



Gross Cash Income 



$253,603 35 
25,082 43 
18,102 28 
15,648 61 



$312,436 67 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid .... 



$112,958 90 
1,484 45 



[11,474 45 
60,000 00 



* Total value of property mortgaged 
Amount of iriHuranco held uh collateral 



$1,039,883 00 
203,950 00 



244 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Deposits returned on perpetual fire risks 

Gross Cash Expenditures 



$1,117 95 



$47,552 19 
32,477 26 
20,589 73 
20,240 42 

$292,334 05 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1878 . $41,268,694 00 $491,586 67 
Fire risks written during 1879 . . -30,877,823 00 274,799 58 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



$72,146,517 00 $766,386 25 
30,824,746 00 285,475 38 



$41,321,771 00 $480,910 87 
. 393,655 00 3,617 82 



$40,928,116 00 $177,293 05 
$2,594,233 00 $70,278 66 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year 

Company's stock owned by directors . . 



54,729,445 97 

2,072,373 90 

642,196 00 

60,000 00 

128,499 17 

96,600 00 



GLEN'S FALLS INSURANCE COMPANY, GLEN'S FALLS, N.Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

R. M. Little, President. Secretary, J. L. Cunningham. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
First National Bank stock 



Securities held as collateral for cash loans: 
160 shares First National Bank 



Par value. Market value. 

$500,000 00 ^524,525 00 
10,000 00 15,000 00 



1510,000 00 $539,525 00 



Mai'ket value. Loaned thereon. 

$12,000 00 ' $6,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



245 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Gross Assets f ..... 



116,200 00 

267,651 56 

2,120 37 

539,525 00 

6,500 00 

323 02 

123,563 01 

17,614 73 



$973,497 69 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$10,324 93 

21,450 00 

8,113 96 

270,534 16 

2,957 44 



313,380 49 

$660,117 20 
200,000 00 

$460,117 20 



Income. 

Cash received for fire premiums . . . $328,526 36 
Deduct re-insurance and return premiums . 27,234 97 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$301,291 39 

23,015 85 

21,643 87 

283 50 

$346,234 61 



Expenditures 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$166,939 58 
822 95 



$166,116 63 
20,000 00 
53,903 12 
19,572 27 
6,615 00 
16,5:39 56 

$282,746 58 



* Value of lands mortgaged $415,800 00 

Value of buildings thereon 211,0,00 00 

Amount of insurance held as collateral 184,600 00 

f Including $200,000 special reserve fund held under New York law. 



246 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 

„ Premiums. 

Fire risks outstanding Dec. 31, 1878 ' . $57,411,334 00 $534,919 39 
Fire risks written during 1879 . . 35,653,637 00 328,526 36 



Total . . . . . . $93,064,971 00 $863,445 75 

Deduct risks expired and terminated . 34,455,271 00 323,673 23 



In force at end of year .... $58,609,700 00 $539,772 52 
Deduct amount re-insured . . . 198,568 00 1,913 36 



Net amount in force . . . $58,411,132 00 $537,859 16 



Miscellaneous. 

Premiums received from organization of company . $3,863,014 57 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



2,201,358 15 

250,000 00 

20,000 00 

189,811 18 

62,840 00 



GLOBE FIRE INSURANCE COMPANY OF THE CITY OF 

NEW YORK, N.Y. 

[Incorporated March, 1863. Commenced business March, 1863.] 

Paid-up Capital, $200,000. 

Alfred A. Reeves, President. Secretary, Edgar E. Holley. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $245,000 00 $290,325 43 

Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

10 shares N. Y. Central and H. R. R.R. . . $1,290 00 \ 

N. Y., Lake Erie, and Western R.R. bonds . 2,150 00 [ $2,000 00 

United States bonds . 103 00 



\ 



13,543 00 

Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $79,500 00 

Interest due or accrued thereon ... 342 50 

Bonds, as per schedule . . . . . 290,325 43 

Loans on collateral security, as per schedule . 2,000 00 



* Value of lands mortgaged ....... $101,000 00 

Value of buildings thereon 87,500 00 

Amount of insurance held as collateral .... 71,750 00 



1879.] 



INS. COS. OF OTHER STATES. 



247 



Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

Losses claimed and reported . 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



52,734 93 

1,850 98 

283 32 

7,190 26 



$137 64 
7,990 14 

$8,127 78 
241 25 

$7,886 53 

56,606 53 

933 33 

550 00 



$384,227 42 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $115,143 61 

Deduct re-insurance and return premiums . 11,054 57 

Net cash received for fire premiums . . — 

Interest received on bonds and mortgages .... 

Interest and dividends received from all other sources . 

Income from rent, etc. . . . . ... 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance . 

Net cash paid for fire losses . . . . • 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes 

for incidentals . . 

Gross Cash Expenditures 

Risks and Premiums. 



551,434 34 
992 46 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,396,165 00 

. 25,979,902 00 

$43,376,067 00 

. 20,662,548 00 

$22,713,519 00 

996,362 00 



65,976 39 

$318,251 03 
200,000 00 

$118,251 03 



$104,089 04 

5,898 45 

13,189 08 

266 68 

$123,443 25 



$50,441 88 
20,000 00 
10,601 63 
13,585 70 
4,611 68 
22,367 25 

$121,608 14 



Premiums. 

$82,730 97 
130,762 88 



$213,493 85 

90,898 00 

$122,595 85 
6,008 65 



$21,717,157 00 $116,587 20 



248 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company . $1,570,971 36 

Losses paid from organization of company .... 702,447 47 

Cash dividends declared from organization of company . 370,000 00 

Dividends declared during the year (10 per cent) . . . 20,000 00 

Fire losses incurred during the year ..... 54,814 84 

Company's stock owned by directors ..... 46,850 00 



GREAT WESTERN INSURANCE COMPANY, NEW YORK, N.Y 

[Incorporated September, 1855. Commenced business October, 185-5."} 

Paid-up Capital, $662,080. 

Ferdinand Motz, President. Secretary, Wm. T. Lockwood 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds ..... 
West India and Panama Telegraph Co. stock, 
Sandy Hook and City Island Tel. Co. stock . 



Par value. Market value. 

1670,000 00 $728,100 00 

10,000 00 1,500 00 

1,000 00 800 00 



1681,000 00 $730,400 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $32,700 00 

Stocks and bonds, as per schedule . . . 730',400 00 

Cash in the office of the company . . . 229 76 
Cash deposited in bank and with English 

bankers ....... 41,240 23 

Premiums in course of collection . . . 63,604 65 

Notes taken for marine and inland risks . . 57,376 65 

Accounts due . . . . . . . 1,086 57 

Salvage claims ...... 15,600 00 

Gross Assets . . . . . . 



$942,237 m 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Dividends to stockholders unpaid . 



$15,810 00 
36,870 00 
37,678 00 

$90,358 00 
3,600 00 

$86,758 00 

71,181 21 

2,775 00 

5,948 21 

34,607 40 



1879.] 



INS. COS. OF OTHER STATES. 



249 



Re-insurance premiums due . 
Accounts due ... 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



1,553 72 
265 70 
$211,089 24 



. $7:31,148 62 
. 662,080 00 



Surplus over Capital 



Income 

Cash rec'd for marine and inland premiums . 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. . 
Unpaid premium notes rec'd during the year . 
Interest and dividends received from all sources 

• Gross Cash Income . ... 

Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
.Net cash paid for marine and inland losses 
Cash dividends paid ..... 
Interest paid scripholders .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

Gross Cash Expenditures 



$9,068 62 



$566,036 99 
140,233 88 

$70,292 07 



25,803 11 

43,501 81 
$469,304 92 



$400,228 00 
82,801 82 



$317,426 18 

33,577 60 

100 80 

30,776 51 

39,254 01 

3,529 80 

$424,664 90 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1S79 . 



Risks and Premiums. 

Premiums. 

$4,111,052 00 $50,057 23 
67,273,677 00 600,916 42 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force ... . 



$71,384,729 00 $650,973 65 
64,280,785 00 569,353 86 



.7,103,944 00 $81,619 79 
1,164,260 00 10,438 58 



i, 939, 684 00 $71,181 21 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent) . 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 

32 



$35,389,396 00 
24,543,170 64 
. 2,842,602 00 
33,104 00 
. 400,228 00 
. 214,680 00 



250 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
GUARDIAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated February, 1865. Commenced business February, 1865.] 

Paid-up Capital, $200,000. 

William C. Thompson, President. Secretary, Walter K. Paye. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

District of Columbia bonds .... $240,000 00 $209,400 00 
Harlem River and Port Chester R.R. bonds . 15,000 00 18,000 00 



$255,000 00 $227,400 00 



Securities held as collateral for cash loans: — 

United States bonds ..... 
10 shares Harlem Gas Company 
5 " New York Bowery Insurance Co. 



Market value. Loaned thereon. 

$4,120 00 $3,500 00 
450 00 , 

500 00 f" 



i,070 00 $4,100 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Bonds, as per schedule .... 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Chatham National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



$23,300 00 

700 00 

227,400 00 

4,100 00 

1,736 59 

4,427 22 

21 00 

11,407 74 



$273,092 55 



Liabilities. 

Losses claimed and reported . . . . $9,765 00 

Losses disputed or resisted .... 1,000 00 

Unearned premiums on outstanding risks . 38,157 81 

Due and accrued for rent, salaries, etc. . . 500 00 

Commissions and brokerage .... 900 00 

Gross Liabilities, except Capital . . 50,322 81 

Surplus as regards policy-holders $222,769 74 

Paid-up Capital 200,000 00 

Surplus over Capital $22,769 74 

* Value of lands mortgaged $22,000 00 

Value of buildings thereon . . . . . . . 40,000 00 

Amount of insurance held as collateral .... 28,800 00 



1879.] 



INS. COS. OF OTHER STATES. 



251 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources 
Income from other sources . . ■ L . 



,579 56 
12,238 27 



Gross Cash Income ........ $87,982 75 



^75,341 29 

406 25 

1,581 12 

10,418 41 
235 68 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid ...... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for interest on borrowed money 
for incidentals .... 

Gross Cash Expenditures . 



$36,880 57 

14,000 00 

14,517 06 

17,285 00 

583 53 

566 49 

7,831 82 

,664 47 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

110,381,716 00 $66,739 34 
13,701,384 00 87,579 56 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$24,083,100 00 $154,318 90 
13,677,466 00 77,608 88 



$10,405,634 00 $76,710 02 
423,829 00 2,960 45 



1,981,805 00 $73,749 57 



$16,250 00 
15,500 00 



$31,750 00 
18,000 00 



$593 75 
600 00 

$1,193 75 
787 50 



$13,750 00 $406 25 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (7 per cent) 

Fire losses incurred during the year . . . . 

Company's stock owned by directors . . . . 



$1,181,469 00 

701,046 00 

185,000 00 

14,000 00 

41,726 00 

79,000 00 



252 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



HANOVER FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 

Paid-up Capital, $500,000. 

Benjamin S. Walcott, President. Secretary, I. R. Lane. 



Detailed Statement of Stocks, 



United States bonds 
Brooklyn city bonds 
Connecticut state bonds . 
New York Central Railroad bonds . 
New York and Harlem Railroad bonds 
75 shares Metropolitan National Bank 
150 " American Exchange Nat'l Bank 
100. " Central Trust Company . 



II 



Bonds, Etc. 

Par value. 

,100,000 00|1 
50,000 00 
20,000 00 
30,000 00 
25,000 00 
7,500 00 
15,000 00 
10,000 00 



Market value. 

,154,007 50 
58,100 00 
21,400 00 
31,275 00 
31,375 00 
9,937 50 
17,100 00 
11,500 00 



$1,257,500 0011,334,695 00 



Securities held as collateral for cash loans : — 

25 shares Hanover National Bank . 

United States bonds . . . . . 

Brooklyn Park loan 

44 shares Manhattan Company 

10 " New York Life and Trust Company, 



Market value. Loaned thereon. 



£2,825 00 
6,438 06 
6,100 00 
2,970 00 
3,600 00 



£1,500 00 
5,800 00 
5,000 00 

5,000 00 



$21,933 06 $17,300 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $2,725 95 
Loans on mortgage of real estate (first liens*), 164,750 00 



Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued . . ■ . 

Premiums in course of collection (net) . 
Gross Assets ..... 
Deduct special deposits in other states 



1,173 53 

1,334,695 00 
17,300 00 
12,898 37 
51,011 98 
2,015 93 
64,129 81 



-$1,650,700 57 
34,125 00 



Balance . . . . . . ... $1,616,575 57 

* Value of lands mortgaged . . . ... . . $142,000 00 

Value of buildings thereon 213,000 00 

Amount of insurance held as collateral 167,450 00 



1879.] INS. COS. OF OTHER STATES. 

Liabilities. 



253 



Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 

Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders 
Paid-up Capital ..... 



$21,401 15 

27,574 63 
27,689 34 

$76,665 12 
47 00 

$76,618 12 
388,137 24 

$464,755 36 
7,333 06 



$457,422 30 

$1,159,153 27 
. 500,000 00 



$626,242 92 
50,197 39 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re- insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Gross Cash Income ...... 

Expenditures. 



. $659,153 27 



$576,045 53 
11,368 25 
61,510 70 

$648,924 48 



Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 



Gross Cash Expenditures 

Risks and Premiums. 



. $312,772 46 
8,864 21 



$303,908 25 

100,000 00 

95,267 26 

46,410 32 

17,617 48 

112,765 78 

$675,969 09 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

,460,100 00 $853,171 52 
76,627,113 00 605,445 04 



$163,087,213 0011,458,616 56 
76,614,433 00 656,258 47 



$86,472,780 00 $802,358 09 
1,605,339 00 10,202 57 



$84,867,441 00 $792,155 52 



254 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . . 



$10,052,514 00 

5,227,700 24 

984,500 00 

100,000 00 

300,577 62 

148,000 00 



HARTFORD FIRE INSURANCE COMPANY, HARTFORD, 

CONN. 

[Incorporated May, 1810.- Commenced business August, 1810.] 
Paid-up Capital, $1,250,000. 
George L. Chase, President. Secretary, J. D. Browne. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Hartford National Bank, Hartford . . . 151,100 00 $77,672 00 

Phoenix National Bank, Hartford . . . 46,700 00 71,45100 

Connecticut River Bank, Hartford . . . 3,000 00 3,500 00 

American National Bank, Hartford . . 15,000 00 19,200 00 

Charter Oak National Bank, Hartford . . 20,000 00 25,800 00 

Farmers' and Mechanics' Nat'l B'k, Hartford, 18,200 00 22,204 00 

Mercantile National Bank, Hartford . . 15,000 00 18,450 00 

First National Bank, Hartford . . . 17,200 00 18,920 00 

JEtna National Bank, Hartford . . . 31,500 00 38,430 00 

City National Bank, Hartford . . . 20,800 00 18,304 00 

Conn. Trust and Safe Deposit Co., Hartford . 23,000 00 17,250 00 

American Exchange Nat'l Bank, New York . 20,000 00 22,400 00 

National Bank of Commerce, New York . 10,000 00 13,500 00 

Importers' and Traders' Nat'l B'k, New York, 30,000 00 65,100 00 

Bank of America, New York .... 30,000 00 44,100 00 

Manhattan Company Bank, New York . . 10,000 00 14,500 00 

Merchants' National Bank, New York . . 16,700 00 21,376 00 

Union National Bank, New York . . . 8,000 00 11,840 00 

Bank of North America, New York . . 7,000 00 5,950 00 

Metropolitan National Bank, New York . 22,500 00 . 29,925 00 

Blackstone National Bank, Boston . . 10,600 00 11,342 00 

National Bank of Commerce, Boston . . 3,200 00 3,560 00 

Second National Bank, Boston . . . 10,900 00 15,750 50 

Hide and Leather National Bank, Boston . 2,400 00 2,694 00 

Atlantic National Bank, Boston . . . 3,900 00 5,460 00 

First National Bank, Boston .... 10,000 00 18,050 00 

Boylston National Bank, Boston . . . 12,500 00 13,812 50 

Merchants' Bank (in liquidation), St. Louis . 10,000 00 3,200 00 

Union National Bank, Albany . . . 6,200 00 6,820 00 

First National Bank, Albany .... 3,300 00 4,950 00 

Montreal Bank, Montreal .... 30,000 00 42,000 00 

Ontario Bank, Bowmansville .... 13,000 00 9,300 00 



1879.] 



INS. COS. OF OTHER STATES. 



255 



Connecticut River Company . 

Connecticut River Railroad 

New York, New Haven, and Hartford R.R. 

United States registered 1881 bonds, 6s 

United States gold bonds, 4^s 

Tennessee state bonds, 6s 

Alabama state bonds (class A) 

South Carolina consols . 

Toledo (O.) water works bonds, 8s 

Watertown (N.Y.) town bonds, 7s . 

Harlem R. and P't Ches. R.R. Co. (guar.) 7s 

City of New Brunswick (N.J.) bonds, 7s 

Pawtucket (R.I) town bonds, 7s 

Dubuque (Io.) city bonds, 6s . 

Des Moines (To.) city bonds, 7s 

Oswego (N.Y.) city certificates, 7s ' . 



$12,000 00 

2,000 00 

70,000 00 

56,800 00 

200,000 00 
33,000 00 
10,000 00 
14,605 00 
5,000 00 
3,500 00 
50,000 00 
45,000 00 
75,000 00 
25,000 00 
50,000 00 
20,000 00 



$3,000 00 

2,800 00 

112,000 00 

60,492 00 

213,000 00 

10,890 00 

5,350 00 

12,414 25 

5,250 00 

3,500 00 

60,000 00 

47,250 00 

87,000 00 

25,000 00 

50,000 00 

20,000 00 



,203,605 00 $1,414,757 25 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $630,175 60 
Loans on mortgage of real estate (first liens*), 773,324 40 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued . 
Non-resident tax .... 
Gross Assets .... 
Deduct special deposits in other states 



Balance 



34,662 58 

1,414,757 25 

1,497 44 

346,842 97 
2,159 62 

241,695 57 
1,907 47 
9,016 00 



-$3,456,038 90 
. 131,438 00 

$3,324,600 90 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



• $84,528 03 
39,578 43 

. 1,110,629 26 
35,886 00 



,270,621 72 
67,230 55 



1,203,391 17 



52,121,209 73 
1,250,000 00 



Surplus over Capital 



. $871,209 73 



* Value of lands mortgaged $900,000 00 

Value of buildings thereon 867,000 00 

Amount of insurance held as collateral 603,000 00 



256 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . $1,558,533 10 

Deduct re-insurance and return premiums . 98,408 98 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources . 

Income from rents ........ 



Gross Cash Income 



Expenditures. 



Cash paid for fire losses . 

Cash dividends paid . . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . . 

Gross Cash Expenditures . . 



$1,460,124 12 
49,972 04 

. 100,655 85 
17,953 68 

$1,628,705 69 



$860,444 88 
250,000 00 
212,422 48 
119,137 64 
33,556 56 
110,843 60 



$1,586,405 16 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

. $188,039,953 00 $2,162,188 13 
. 151,442,247 00 1,558,533 10 



Total . 
Deduct risks expired and terminated 

In force at end of year 



$339,482,200 00 $3,720,721 23 
142,436,662 00 1,529,208 38 



$197,045,538 00 $2,191,512 85 



Miscellaneous 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . . 
Company's stock owned by directors . 



$35,680,633 68 

22,906,256 10 

. 3,813,100 00 

. 250,000 00 

. 820,644 35 

. 170,200 00 



1879.] 



INS. COS. OF OTHER STATES. 



257 



HOFFMAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated May 4, 1864. Commenced business May 4, 1864.] 

Paid-up Capital, $200,000. 

Marcus F. Hodges, President. Secretary, John D. Macintyre. 



Detailed Statement of Stocks, Bonds, Etc. 

Pat; value. Market value. 

United States bonds .... 
New York Cent, and Hud. Riv. R.R. bonds 
American Exchange Bank stock . : 
Bank of the Metropolis stock . 



8120,000 00 $124,562 50 

20,000 00 26,000 00 

10,000 00 11,400 00 

7,500 00 8,250 00 



Securities held as collateral for cash loans : 

9 shares Bank of New York . 
29 " Star Fire Insurance Company . 
United States bonds . . . . 



$157,500 00 $170,212 50 

Market value. Loaned thereon. 

$1,260 00 $950 00 

3,132 00 1,800 00 

1,040 00 1,000 00 



$5,432 00 $3,750 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 
Losses claimed and reported . 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



$28,794 43 

106,993 00 

3,502 01 

170,212 50 

3,750 00 

2,740 40 

12,919 34 

526 00 

9,340 40 



$7,086 29 
7,995 00 

$15,081 29 
760 42 

$14,320 87 

69,042 12 

804 70 

74 31 



$338,778 08 



84,242 00 

$254,536 08 
200,000 00 

$54,536 08 



* Value of lands mortgaged . 
Value of buildings thereon 

Amount of insurance held as collateral 



$85,000 00 
109,500 00 
89,000 00 



258 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . $147,357 33 
Deduct re-insurance and return premiums . 17,421 94 

Net cash received for fire premiums . . . 

Cash received for marine and inland premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources 
Income from rents ....... 



Gross Cash Income 



1129,935 39 

125 00 

8,160 22 

7,799 95 

2,024 50 

$148,045 06 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$96,108 70 
3,403 04 



$92,705 66 
20,000 00 
21,879 96 
19,393 93 
6,207 62 
19,852 30 

,039 47 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 



Risks and Premiums. 

Premiums. 

$13,856,465 00 $138,488 37 
16,713,959 00 148,307 37 



Total . . 

Deduct risks expired and terminated 

In force at end of year . 

Deduct amount re-insured 

Net amount in force 



$30,570,424 00 $286,795 74 
16,267,165 00 146,325 53 



$14,303,259 00 $140,470 21 
363,961 00 3,229 74 



$13,939,298 00 $137,240 47 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 

Total. 

Deduct risks expired and terminated 

In force at end of year 



12,500 00 
2,500 00 

£5,000 00 
2,500 00 



$2,500 00 



$125 00 
125 00 

$250 00 
125 00 

$125 00 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Eire losses incurred during the year . 

Company's stock owned by directors . . . 



^2,110,117 62 

1,342,101 20 

150,000 00 

20,000 00 

90,835 19 

60,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



259 



HOME INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. 

Charles J. Martin, President. Secretary, John H. Washburn. 



Detailed Statement of Stocks, 

United States bonds .... $3 

Mississippi state warrants 

New York city bonds 

Brooklyn city bonds 

Watertown city bonds 

100 shares Hanover National Bank 

200 ' ' American Exchange National Bank 

80 " Fourth National Bank . 
125 " St. Nicholas National Bank . 
225 " Metropolitan National Bank . 
200 " Mercantile National Bank 
300 " Merchants' Exchange Nat'l Bank 
160 " Chatham National Bank 
200 " National Bank of the Republic 
100 " National Bank of Commerce . 
150 " Nat'l Butchers' and Drovers' Bank 
200 " Bank of America . 
200 " Manhattan Company 



Bonds, Etc. 

Par value. Market value. 

000,000 00 $3,184,125 00 

20,000 00 20,000 00 

35,000 00 37,100 00 
87,700 00 108,309 50 

70,000 00 72,450 00 

10,000 00 11,000 00 

20,000 00 • 22,400 00 

8,000 00 8,400 00 

12,500 00 13,000 00 

22,500 00 29,925 00 

20,000 00 16,000 00 

15,000 00 11,550 00 

4,000 00 4,000 00 

20,000 00 23,600 00 

10,000 00 13,200 00 

3,750 00 3,787 50 

20,000 00 29,400 00 

10,000 00 14,500 00 



1,388,450 00 $3,622,747 00 



Securities held as collateral for cash loans : — 

Market value. 

10 shares St. Nicholas National Bank . . $1,040 00 
United/ States bonds ..... 5,168 75 

3 shares New Jersey Zinc Company . . 90 00 

227 " Union Trust Company . . . 34,050 00 

10 " St. Nicholas National Bank . . 1,040 00 

100 " N. Y. Central and H. R. R.R. . 12,900 00 

457 " Long Island Bank .... 22,850 00 

100 " Morris and Essex Railroad . . 5,100 00 

United States bonds . . . . . 3,609 37 

Columbus and Hocking Valley R.R. bonds . 900 00 

United States bonds 3,609 37 

2 shares Fourth National Bank . . . 210 00 

Winona and St. Peter Railroad bonds . . 2,080 00 

11 shares National Hank of Commerce . . 1,452 00 
49 " New Haven County Bank . . 539 00 
New Haven and Northampton Railroad bonds, 1,200 00 
200 shares National Bank of the Republic . 23,600 00 

7 " City Bank of New Haven . . 1,050 00 

Lake Shore and Michigan So. R.R. 10,000 00 

7,350 00 



100 
35 



[mporters' and Traders' Nat'] B'k, 



Loaned thereon. 

1400 00 
!■ 4,750 00 



23,500 00 

5,700 00 

18,000 00 

2,000 00 

3,100 00 

750 00 

3,000 00 

170 00 

1,500 00 

1,000 00 

1,300 00 

15,000 00 

500 00 

7,000 00 



260 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Kansas Pacific Denver Extension bond^ . 
Union Pacific Sinking Fund bonds 
300 shares Albany and Susquehanna R.R. 
100 " N. Y. Central and H. R. R.R. 
Kansas Pacific Railroad bonds 
150 shares Adams Express Company 
United States bonds .... 
N. Y., Lake Erie, and Western R.R. bonds 
Lehigh and Wilkes barre Railroad bonds 
Metropolitan Elevated Railroad bonds . 
N. Y., Lake Erie, and Western R.R. bonds 
Kansas Pacific Denver Extension bonds . 
Union Pacific Sinking Fund bonds . 
St. Paul and Sioux City Railroad bonds . 
Erie Railroad bonds . . . .'• 
N. Y., Lake Erie, and Western R.R. bonds 
300 shares Chicago and North- Western R.R. 
100 " Milwaukee and St. Paul R.R. 
100 " Michigan Central Railroad 
300 " Michigan Central Railroad 
N. Y., Lake Erie, and Western R.R. bonds 
300 shares Michigan Central Railroad 
200 " Milwaukee and St. Paul R.R. 
100 " Lake Shore and Michigan So. R.R 
N. Y. , Lake Erie, and Western R.R. bonds 
United States bonds .... 
200 shares Milwaukee and St. Paul R.R. 
100 " Chicago and North- Western R.R. 



130,600 00 
5,700 00 
30,300 00 
12,900 00 
22,000 00 
15,900 00^ 
5,695 00 C 
8,700 00) 
16,800 001 
5,100 00 j 
31,690 00 [ 
7,070 00 j 
2,280 00 j 
14,250 00 
1,150 00 
13,050 001 
27,000 00 " 
10,000 00 ( 
8,900 00 j 
26,700 00 ) 
4,350 00 > 
. 26,700 001 
14,800 00 ' 



y 



10,000 00 
8,200 00 j 

22,118 75 
14,800 00 | 
9,000 00 V 



^25,000 00 

5,000 00 

25,000 00 

10,000 00 

15,000 00 

25,000 00 



50,000 00 

10,000 00 
1,000 00 

50,000 00 
25,000 00 



y 50,000 oo 



20,000 00 
20,000 00 



$543,592 24 $418,670 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . -154,125 91 
Loans on mortgage of real estate (first liens*), 1,866,653 00 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) . 

Premiums more than 3 months due, $3,482 50 

Gross Assets ..... 
Deduct special deposits in other states . 



Balance 



44,492 29 

3,622,747 00 

418,670 00 

233,299 29 

10,378 37 

160,622 25 



46,410,988 11 
. 107,870 00 

$6,303,118 11 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$2,230,650 00 
1,940,750 00 
1,512,750 00 



1879.] INS. COS. OF OTHER STATES. 

Liabilities. 



261 



Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses . 
Unearned premiums on outstanding 



risks 



155,638 46 

148,286 89 

50,829 37 

1254,754 72 
5,989 91 

$248,764 81 
1,841,438 00 

$2,090,202 81 
77,626 35 



.12,012,576 46 
:, 290, 541 65 



$1,290,541 65 



Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 

Paid-up Capital .'..'.. . 3,000,000 00 

Surplus over Capital 

Income. 

Cash received for fire premiums . . $2,845,923 00 

Deduct re-insurance and return premiums . 325,982 76 

Net cash received for fire premiums . . 1 § 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income .... 

Expenditures. 



12,519,940 24 
. 139,235 87 
. 193,642 97 

$2,852,819 08 



Cash paid for fire losses .... 

P 
Deduct salvage and re-insurance 

Net cash paid for fire losses . . . . - 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 



,536,342 67 
43,129 35 



$1,493,213 32 

300,000 00 

456,721 91 

244,752 90 

79,453 74 

228,427 82 

$2,802,569 69 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$344,131,435 00 $3,464,353 00 
324,052,438 00 2,845,923 00 



$068,183,873 00 $6,310,276 00 
311,972,939 00 2,571,620 28 



$350,210,934 00 $3,738,655 72 
6,418,944 00 79,531 72 



$349,791,990 00 $3,059,124 00 



262 FIRE, MARINE, AND FIRE-MARINE [Dee. 31, 



Miscellaneous. 
Premiums received from organization o'f company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . 



$48,407,411 12 
29,980,583 55 
. 4,915,000 00 
. 300,000 00 
. 1,502,455 49 
. 423,400 00 



HOWARD INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1825. Commenced business April 19, 1825.] 

Paid-up Capital, $500,000. 

Henry A. Oakley, President. Secretary, Charles A. Hull. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
New York city and county bonds 
Delaware and Hudson Canal Co. bonds 
United New Jersey R.R. and Canal bonds 
National Bank of Commerce stock . 
Metropolitan National Bank stock . 
American Exchange National Bank stock 
Merchants' National Bank stock 
Phenix National Bank stock . 
Manhattan Gas- Light Company bonds 
New York Gas-Light Company bonds 



Securities held as collateral for cash loans : - 
10 shares Manhattan Company 

Summary of Assets Dec. 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks and bonds, as per schedule . 

Loans on collateral security, as per schedule . 

Cash in the office of the company . 

Cash deposited in Manhattan Co.'s Bank 

Interest due and accrued . 

Premiums in course of collection (net) . 

Rents due and accrued . 

Gross Assets ...... 



Par value. 

$400,000 00 

25,000 00 

30,000 00 

4,000 00 

2,800 00 

7,500 00 

16,000 00 

650 00 

2,800 00 

2,500 00 

5,000 00 



Market value. 

$452,675 00 

26,900 00 

32,100 00 

4,800 00 

3,920 00 

10,500 00 

18,400 00 

845 00 

2,660 00 

3,500 00. 

4,050 00 



$496,250 00 


$560,350 00 


Market value. 


Loaned thereon. 


$1,450 00 


$500 00 


31, 1879. 




$115,000 00 




38,475 00 




1,098 17 




560,350 00 




500 00 




4,568 92 




4,693 15 




2,918 50 


- 


18,324 12 




477 09 






&74fi and QS 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$56,800- 00 
66,0.00 00 
21,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



263 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 
Unearned premiums on outstanding risks - 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



/. $9,230 69 
4,600 00 
115,758 50 



Surplus over Capital 



$129,589 19 

$616,815 76 
500,000 00 

$116,815 76 



Income. 
Cash received for fire premiums . . . $222,906 99 
Deduct re-insurance and return premiums . 22,267 42 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources . 
Income from rents ........ 



Gross Cash Income 



$200,639 57 

20 42 

2,175 58 

29,571 18 

3,864 58 

236,271 33 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest on borrowed money 

for incidentals 

Gross Cash Expenditures . 



$131,973 83 
64 15 



$131,909 68 
25,000 00 
28,716 45 
36,070 62 
9,425 16 
826 36 
24,221 25 

$256,169 52 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force , 

Marine risks written during 1879 . 
Deduct risks expired and terminated 



$23,844,854 00 
29,682,802 00 

$53,527,656 00 
26,672,777 00 



$26,854,879 00 
877,285 00 



Premiums. 

$201,075 77 
222,726 28 

$423,802 05 
190,922 61 

$232,879 44 
6,273 59 



$25,977,594 00 


$226,605 85 


$4,728 00 


$20 40 


4,728 00 


20 40 



264 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

» 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire losses incurred during the year .... 

Company's stock owned by directors .... 



$6,617,554 00 

4,448,729 00 

2,030,875 00 

25,000 00 

119,431 25 

71,500 00 



PRESIDENT AND DIRECTORS OF THE INSURANCE COM- 
PANY OF NORTH AMERICA, PHILADELPHIA, PENN. 

[Incorporated April 14, 1794. Commenced business 1792.] 

Paid-up Capital, $ 2,000,000. 

Charles Platt, President. Secretary, Matthias Maris. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... $1,000,000 00^1,032,000 00 

Baltimore city loan 400,000 00 415,000 00 

Pennsylvania state loan 509,000 00 571,905 00 

New Jersey state bonds 54,000 00 58,320 00 

Delaware state bonds 10,000 00 11,000 00 

Connecticut state bonds 52,000 00 57,200 00 

South Carolina state bonds .... 11,000 00 4,950 00 

Philadelphia city bonds, 6s ... . 100,000 00 119,000 00 

Pittsburg city bonds, 7s . . . . . 15,000 00 17,400 00 

Cincinnati city bonds ..... 60,000 00 67,030 00 

Indianapolis city bonds, 7^s . . . . 30,000 00 31,800 00 

Hartford city bonds, 6s . . . . . 50,000 00 55,000 00 

Rochester city bonds, 7s . . . . . 25,000 00 28,500 00 

Fall River city bonds, 5s (gold) . . • 30,000 00 31,800 00 

Toledo city bonds, 8s 21,000 00 23,100 00 

Harrisburg city bonds, 6s ... 15,000 00 15,750 00 

Providence city bonds, 4s (gold) . . . 25,000 00 27,000 00 

Newark city bonds, 4s . . . . . . 20,000 00 22,800 00 

Cleveland city bonds, 7s 36,500 00 40,880 00 

Boston city bonds, 6s . . . . . 200,000 00 232,000 00 

Willi amsport city bonds, 6s . . . . 3,000 00 2,400 00 

Dayton city bonds, 8s 11,000 00 12,320 00 

Burlington city bonds, 8s ... . 12,000 00 13,440 00 

Bellefonte borough bonds, 6s . . . . 6,000 00 6,000 00 

Pennsylvania R.R. Co. mortgage bonds, 6s . 50,000 00 50,000 00 

Delaware Railroad loan, guaranteed . . 25,000 00 27,250 00 

Chesapeake and Delaware Canal Co. bonds, 6s, 37,000 00 29,970 00 



1879.] 



INS. COS. OF OTHER STATES. 



265 



North. Pennsylvania Railroad bonds 
Belvidere and Delaware Railroad mort. bonds 
Delaware Division Canal Company bonds, 6s 
Delaware and Raritan Canal Co. and C. and 

A. R.R. and Transportation Company 
Lehigh Coal and Navigation Company bonds 
Lehigh Valley Railroad Company bonds 
Penn. and N. Y. Canal and R.R. bonds, guar 
Phila. and Reading Railroad Company bonds 
Penn. Railroad Co. consol. mortgage bonds 
Lehigh Valley Railroad Co. mortgage bonds 
Little Schuylkill Nav. and R.R. Co. bonds 
Philadelphia and Reading Railroad Co. bonds 
William Cramp & Sons' dry docks bonds 
Phila., Wil., and Baltimore Railroad bonds 
Steam-tug " North America " 
100 shares Philadelphia National Bank . 
228 " Chesapeake and Del. Canal Co. 
300 " Phila., Ger., and Norristown R.R. 
50 " Sandy Hook Quarantine and C. I 

Telegraph Company .... 
Mutual Insurance scrip .... 



$35,000 00 $38,500 00 
50,000 00 55,000 00 
15,000 00 14,250 00 



11,000 00 
11,750 00 
75,000 00 
30,000 00 
83,000 00 
100,000 00 
50,000 00 
30,000 00 
50,000 00 
28,000 00 
39,000 00 
54,543 05 
10,000 00 
11,400 00 
15,000 00 

1,000 00 
15,590 00 



12,210 00 
11,162 50 
85,625 00 
35,400 00 
93,110 00 
110,000 00 
57,500 00 
31,200 00 
51,500 00 
28,000 00 
41,340 00 
54,543 05 
17,400 00 
1,140 00 
30,600 00 

1,000 00 
15,590 00 



i, 522, 783 05$3,788,885 55 



Securities held as collateral for cash loans: — 

1,365 shares Insurance Company No. America, 

Catawissa Railroad bonds .... 

Schuylkill Navigation bonds .... 

Harrisburg city bonds ..... 

1,000 shares Insurance Company No. America, 

Philadelphia city bonds ..... 
9 shares Penn. Co. for Insurance on Lives, 
5 " Pennsylvania Insurance Co. 

2,500 " Merchants' Life Insurance Co. . 



Market value. Loaned thereon. 


$46,651 25 


$12,600 00 


5,700 00] 




2,050 00 1 
13,125 00 | 


15,500 00 


34,250 00 J 




2,380 00 


1,000 00 


2,295 00 


1,400 00 


750 00 


650 00 


2,500 00 


350 00 


$109,701 25 


$31,500 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . $147,162 97 
Loans on mortgage of real estate (first liens*), 1,420,599 77 

Interest due or accrued thereon . . . 34,065 75 

Stocks, bonds, etc., as per schedule . . 3,788,885 55 

Loans on collateral security, as per schedule . 31,500 00 

Cash deposited in various banks . . . 554,239 73 

Interest due and accrued .... 4,33402 



* Total value of property mortgaged 
Amount of insurance held aw collateral 

34 



5,940,500 00 

830,625 00 



266 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Premiums in course of collection (net) 
Notes taken for marine and inland risks 

Gross Assets .... 
Deduct special deposits in other states 



Balance 



LlABILITI 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$347,941 34 
263,011 05 



3,591,740 18 
35,000 00 

1,556,740 18 



$28,409 30 

305,974 00 

15,616 70 

1,461,314 52 

365,964 15 



£2,177,278 67 
15,800 09 



2,161,478 58 



$4,395,261 60 
. 2,000,000 00 



Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from perpetual premiums . 

Deposits received for perpetual fire risks 

Gross Cash Income .... 

EXPENDITUEES. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Deposits returned on perpetual fire risks 

Gross Cash Expenditures 



$2,395,261 60 



,376,684 45 
118,118 81 

< 

$2,364,047 78 
428,364 24 

$263,011 05 

sources . 

28,418 24 



-$1,258,565 64 

1,935,683 54 

87,908 85 

200,839 51 

15,525 82 

3,498,523 36 



$696,731 11 
14,001 47 

1,942,967 12 
292,217 99 



$682,729 64 



1,650,749 13 
400,000 00 
337,621 79 
128,900 00 
116,052 08 
155,065 53 



$12,892 47 



$3,471,118 17 



1879.] 



INS. COS. OF OTHER STATES. 



267 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year 

Perpetual risks in force . 

Marine risks outstanding Dec. 31, 1878 
Marine risks written 1879 

Total . . 
Deduct risks expired and terminated 

In force at end of year 



^159,455,956 
131,890,441 



Premiums. 

00 $1,914,864 49 
00 1,376,684 45 



$291,346,397 
122,934,521 



00 $3,291,548 94 
00 1,298,285 75 



$168,411,876 

$13,678,813 

$6,248,218 
252,297,681 



00 $1,993,263 19 

00 

00 $290,632 26 
00 2,364,047 78 



$258,545,899 
230,979,800 



00 $2,654,680 04 
00 2,208,814 28 



$27,566,099 00 $445,865 76 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 



$77,000,000 00 
47,000,000 00 
10,050,000 00 
. 400,000 00 
. 685,168 28 
. 1,710,919 13 
. 235,690 00 



THE INSURANCE COMPANY OF THE STATE OF PENN- 
SYLVANIA, PHILADELPHIA, PENN. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

Henry D. Sherrerd, President. Secretary, Jos. H. HolLinshead. 



Detailed Statement of Stocks, 



20 shares Philadelphia Bank. 
284 " Lehigh Valley Railroad Company 

20 " Philadelphia and So. Mail S. S. Co 
5 " Susq. and York Turnpike Co. 

10 " Easton and W. Turnpike Co. 
Schuylkill Navigation Company bonds . 
Chesapeake and Delaware Canal Co. bonds 
Lehigh Coal and Navigation Co. bonds . 
Philadelphia city bonds .... 
Pennsylvania Railroad bonds . 
Harrisburg, P., Mt. J., and L. R.R. bonds 
Camden and A. R. R. and Del. and R. Canal 

and T. Co. bonds .... 

North Pennsylvania Railroad bonds 



Bonds, Etc. 

Par value. 

$2,000 00 ■ 

14,200 00 

2,500 00 

500 00 

250 00 

3,000 00 

5,000 00 

10,000 00 

30,000 00 

15,000 00 

15,000 00 

5,000 CO 

10,000 00 



Market value. 

$3,500 00 

14,910 00 

40 00 

250 ,00 

100 00 

2,430 00 

3,750 00 

10,000 00 

35,850 00 

15,100 00 

15,450 00 

5,550 00 
10,600 00 



268 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



West Jersey Railroad bonds . 

Delano Land Company bonds 

American Steamship Company bonds 

United States bonds .... 

Railway Equipment Trust of Penn. bonds 

Mutual Insurance Company scrip . 

40 shares Philadelphia and L. Turnpike Co. 



$30,000 00 

10,000 00 

10,000 00 

10,000 00 

3,000 00 

244 50 

200 00 



$30,000 00 

10,500 00 

10,100 00 

10,300 00 

2,940 00 

122 25 

200 00 



$175,894 50 $182,292 25 



Securities held as collateral for cash loans : — 

7 shares Car Trust Company, Pennsylvania 
Houston and Texas Central R.R. bonds . 
North Pennsylvania Railroad bonds 

92 shares Continental Hotel Company . 
169 " North Pennsylvania Railroad . 
100 " Girard Life Insurance Company 
171 " Delaware Mutual Safety Ins. Co. 
International Navigation Company bonds 
500 shares Pennsylvania and N. Y. Canal R.R 
500 ' ' North Pennsylvania Railroad . 
625 " Lehigh Valley Railroad . 

13 " Fall River Iron Works . 

38 " American Linen Co., Fall River 
Personal note (on demand) 



$8,000 00 
50,000 00 



Market value. Loaned thereon. 

$7,000 00 

2,000 00 
61,200 00 

5,520 00 1 

8,450 00 

4,000 00 )- 25,000 00 

6,840 00 | 
10,500 00 J 

50,000 00 40,000 00 
25,000 00 18,000 00 
33,812 00 25,000 00 
10,400 00 6,000 00 
15,200 00 12,000 00 
12,000 00 



$239,922 00 $196,000 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $44,337 61 

Loans on mortgage of real estate (first liens *), 153,250 00 

Interest due or accrued thereon . . . 4,640 50 

Stocks, bonds, etc., as per schedule . . 182,292 25 

Loans on collateral security, as per schedule . 196,000 00 

Cash in the office of the company . . . 449 32 

Cash deposited in Bank of North America . 35,458 93 

Interest due and accrued .... 2,393 00 

Premiums in course of collection (gross) . . 30,093 39 

Notes taken for marine and inland risks . 11,622 13 

Re-insurance perpetual deposits . . . 1,600 00 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid ..... $36,485 00 

Unearned premiums on outstanding risks . 115,094 75 

Reclaimable on perpetual fire policies . . 79,379 26 
Dividends to stockholders unpaid .... 272 00 

State and local taxes ..... 1,512 66 



* Value of lands mortgaged $118,300 00 

Value of buildings thereon 178,200 00 

Amount of insurance held as collateral 120,100 00 



$662,137 13 



1879.] 



INS. COS. OF OTHER STATES. 



269 



Commissions and brokerage . 
Book debts ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland prems. 
Deduct re-insurance and return premiums 
Net cash received for marine and inland prems 
Unpaid prem. notes rec'd during year 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Profit on sale of stocks .... 

Miscellaneous ...... 

Deposits received for perpetual fire risks . 

Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes 

for incidentals 

for loss on sale of stocks 

for repairs on real estate 

for book debts 



Gross Cash Expenditures . 

Risks and Premiums. 



:,225 12 

717 97 



1159,336 72 
17,997 90 

1134,395 21 
47,476 19 

$11,622 13 

sources . 



,377 62 



$237,686 76 

$424,450 37- 
200,000 00 

$224,450 37 



$141,338 82 



86,919 02 

11,410 00 

14,751 80 

13,310 75 

595 86 



$268,326 25 



$115,640 80 
3,156 64 

$112,082 34 
25,559 42 



$112,484 16 



86,522 92 

23,988 00 

32,221 47 

11,300 00 

4,949 62 

16,486 21 

3,998 42 

3,587 27 

2,074 01 

$297,612 08 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$16,982,870 00 $149,044 15 
18,108,582 00 159,334 72 



$35,091,452 00 $308,378 87 
• 16,973,155 00 147,508 30 



,118,297 00 $160,870 57 
503,508 00 * 3,167 52 



$17,614,789 00 $157,703 05 



270 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1§78 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,703,321 00 $38,350 61 
11,713,993 00 134,395 21 



$13,417,314 00 $172,745 82 
11,296,772 00 132,888 59 



12,120,542 00 $39,857 23 
186,870 00 3,925 91 



$1,933,672 00 $35,931 32 



Miscellaneous. 

Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . . . 

Marine and inland losses incurred during the year . 
Company's stock owned by directors . 



$13,329,531 
3.908,406 
24,000 00 
115,437 16 
86,646 92 
26,200 00 



IRVING INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 30, 1872. Commenced business April 30, 1872.] 

Paid-up Capital, $200,000. 

Martin L. Crowell, President. Acting Secretary, Wm. A. Magarical. 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $38,200 00 

Interest due or accrued thereon . . . 213 68 

United States bonds 200,422 50 

Cash in the office of the company . . . 1,193 81 

Cash deposited in Irving National Bank . 1,008 14 

Premiums in course of collection (gross) . 6,783 80 
Premiums more than 3 months due, $122 54 

Gross Assets $247,821 93 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 



$2,128 23 
4,127 63 

300 00 
33,507 85 

325 50 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$58,500 00 
55,500 00 
41,550 00 



1879.] 



INS. COS. OF OTHER STATES. 



271 



Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from sale of stock 

Gross Cash Income .... 



$500 00 
444 72 


$41,333 93 




. 


$206,488 00 
200,000 00 


. $69,204 72 
3,366 44 


$6,488 00 

$65,838 28 

3,168 30 

11,528 62 

300 00 


• sources . 



,835 20 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



,203 46 
241 64 



,961 82 

16,674 50 

10,147 85 

7,600 00 

2,322 60 

8,234 73 

$93,941 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

£7,112,418 00 $66,507 21 
8,623,232 00 70,357 02 



$15,735,650 00 $136,864 23 
8,570,027 00 69,466 10 



$7,165,623 00 $67,398 13 
35,562 00 275 47- 



',130,061 00 $67,122 66 



Miscellaneous. 



Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8.', per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$711,847 12 

421,260 61 

137,000 00 

17,000 00 

'19,008 14 

88,600 00 



272 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



KNICKERBOCKER FIRE INSURANCE COMPANY, 
NEW YORK, N.Y. 

[Incorporated 1787. Commenced business 1787.] 

Paid-up Capital, $280,000. 

Peter V. King, President. Secretary, Edmund W. Albro. 



Summary op Assets Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
United States bonds .... 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



31, 1879. 

$100,000 00 

61,829 50 

1,071 33 

159,087 50 

435 46 

8,227 15 

3,705 03 

650 00 



$8,500 00 

40,771 32 

50 00 

746 00 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $95,041 67 

Deduct re-insurance and return premiums . 6,559 10 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Income from rents and incidentals . . .... 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid 



$59,716 72 
625 52 



$335,005 97 



50,067 32 

$284,938 65 
280,000 00 

$4,938 65 



,482 57 

4,380 56 

11,432 15 

4,900 00 

. $109,195 28 



$59,091 20 
14,000 00 



* Value of lands mortgaged . . . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$129,000 00 
73,500 00 
55,600 00 



1879.] 



INS. COS. OF OTHER STATES. 



273 



Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



114,291,757 00 
20,133,896 00 



$34,425,653 00 
17,575,686 00 



$16,849,967 00 
478,023 00 



$10,829 19 

18,754 29 

4,073 37 

5,559 87 

$112,307 92 



Premiums. 

$76,275 88 
92,334 74 

$168,610 62 
90,315 87 

$78,294 75 
2,893 91 



$16,371,944 00 $75,400 84 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire losses incurred during the year .... 

Company's stock owned by directors .... 



$2,194,205 78 

743,384 14 

1,316,000 00 

14,000 00 

61,915 26 

42,260 00 



LAMAR INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 3, 1872. Commenced business April 3, 1872.] 

Paid-up Capital, $200,000. 

Isaac R. St. John, President. Secretary, William R. MacDiarmid. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $250,000 00 $258,875 00 

4,000 00 5,560 00 

5,000 00 5,800 00 

5,400 00 5,616 00 



United States bonds .... 
40 shares National Bank of Commerce . 
50 " National Bank of the Republic 
54 " St. Nicholas National Bank . 



Securities held as collateral for cash loans : — 



40 shares Brooklyn Gas-Light Company . 
20 " Farragut Fire Insurance Company 
50 " Firemen's Insurance Company 
25 " Star Fire Insurance Company . 
48 " Long Island Bank . 
Queens county bonds .... 



35 



$264,400 00 $275,851 00 

Market value. Loaned thereon. 

11,400 00 S500 00 
2,500 00 > 

850 00 I 1 ' 50000 

2,625 00 2,000 00 
2,400 00 i 

2,000 00 | 4 ' 00000 

$11,775 00 $8,000 00 



274 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $64,400 00 

Interest due or accrued thereon . . . 178 00 

Stocks and bonds, as per schedule . . . 275,851 00 

Loans on collateral security, as per schedule . 8,000 00 

Cash in the office of the company . . . 8,827 47 

Cash deposited in various banks . . . 4,153 91 

Premiums in course of collection (gross) . 14,377 16 

Notes taken for marine and inland risks . 125 00 

Salvage 3,303 93 

Premiums more than 3 months due, $3,914 50 
Gross Assets .... 

LlABILITIJ 

Losses claimed and reported .... .$13,600 00 

Losses disputed or resisted .... 2,400 00 

Unearned premiums on outstanding risks . 61,701 45 

Commissions and brokerage .... 2,835 11 

Return premiums . 999 28 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $133,866 25 

Deduct re-insurance and return premiums . 12,239 32 
Net cash received for fire premiums 

Cash received for inland premiums . . . $37,813 04 

Deduct re-insurance and return premiums . 4,945 45 

Net cash, received for inland premiums . . 

Unpaid prem. notes rec'd during year, $125 00 

Interest received on bonds and mortgages .... 

Interest and dividends received from all other sources . 

Gross Cash Income ........ 



$379,216 47 



81,535 84 



$297,680 63 
200,000 00 



$97,680 63 



l21,626 93 



32,867 59 

4,884 96 
12,379 39 

$171,758 87 



Expenditures. 



Cash paid for fire losses . 
Deduct salvage and re- insurance 
Net cash paid for fire losses 
Cash paid for inland losses 
Deduct salvage and re-insurance 
Net cash paid for inland losses 



$103,477 55 

163 93 

$15,543 97 

993 90 



$103,313 62 



14,550 07 



* Value of lands mortgaged $46,500 00 

Value of buildings thereon 101,500 00 

Amount of insurance held as collateral 64,400 00 



1879.] 



INS. COS. OF OTHER STATES. 



275 



Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures . 

lilSKS AND PREMIUMS. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written daring 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Inland risks outstanding Dec. 31, 1878 
Inland risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year 



$11,763,939 00 
13,081,730 00 

$24,845,669 00 
13,950,248 00 

,895,421 00 
66,450 00 



20,000 00 
17,410 97 
18,966 67 
3,259 74 
15,874 74 

$193,375 81 



Premiums. 

$139,083 37 
134,237 86 

$273,321 23 
150,040 84 

$123,280 39 
399 70 



$10,828,971 00 $122,880 69 



1,075 00 $1,240 30 
10,106,183 00 37,813 04 



$10,192,258 00 $39,053 34 
10,167,258 00 38,384 21 



$25,000 00 $669 13 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 

Fire losses incurred during the year .... 
Inland losses incurred during the year . . 
Company's stock owned by directors .... 



,435,948 76 

806,186 08 

120,000 00 

20,000 00 

103,302 58 

14,550 19 

49,300 00 



LORILLARD INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated December, 1871. Commenced business January, 1872.] 
Paid-up Capital, $300,C00. 

Carlisle Norwood, President. Secretary, John C. Mills. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $255,000 00 $264,750 00 

Lake Shore and Michigan So. R.K. bonds . 26,000 00 31,750 00 



$281,000 00 $296,500 00 



276 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for casfc loans: — 



Market value. Loaned thereon. 

120 shares Chatham Bank . ■ . . . $3,300 00 ) ^ 000 Q0 

1,500 00 V 



" Oriental Bank 



25 " Phoenix Bank 
5 " Park Bank 



450 00 r 

500 00 $ 



600 00 



|>5,750 00 |4,600 00 



Summary of Assets Dec. 31, 1879 

Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



,000 00 

2,220 00 

296,500 00 

4,600 00 

1,869 31 

15,741 36 

2,609 60 

21,294 89 



$412,835 16 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 

Surplus over Capital 



$11,100 00 
2,800 00 

$13,900 00 
4,000 00 



$9,900 00 

68,599 60 

3,194 22 

38 38 



81,732 20 

$331,102 96 
300,000 00 

$31,102 96 



Income. 

Cash received for fire premiums . . . $135,043 17 
Deduct re-insurance and return premiums . 19,139 66 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income ........ 



$115,903 51 

4,650 00 

16,283 25 

$136,836 76 



* Total value of property mortgaged 
Amount of insurance held as collateral . 



$141,000 00 
69,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



277 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . . 

Gross Cash Expenditures . 



$1,251 22 
5,985 08 



$75,266 14 
15,000 00 
17,298 56 
20,770 00 
12,345 17 
21,655 09 

$162,334 96 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total .-. 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force _ . 



Risks and Premiums. 

Premiums. 

$15,975,848 00 $112,292 23 



21,520 



$37,496 
18,070 



$19,426 
1,529 



$17,896 



993 00 139,441 81 



841 00 $251,734 04 
841 00 107,617 58 



000 00 $144,116 46 
817 00 11,191 30 



183 00 $132,925 16 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent) 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$1,302,792 00 

575,583 00 

186,000 00 

15,000 00 

79,066 14 

104,500 00 



MANHATTAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 8, 1872. Commenced business March 30, 1872.] 

Paid-up Capital, $250,000. 

Andrew J. Smith, President. Secretary, Louis P. Carman. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value Market value. 



United States bonds . 

South Carolina state bonds 

Central Pacific bonds . 

New York Mutual Gas-Light stock 

Deposit of U. S. currency in Mississippi 



$300,000 00 $332,000 00 
20,000 00 7,000 00 



1,000 00 
15,000 00 
10,000 00 



1,200 00 

9,000 00 

10,000 00 



$346,000 00 $359,200 00 



278 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cask loans: — 

75 shares Phenix Insurance Company 
25 
34 
16 
32 
20 
20 
40 
30 
60 
10 
5 
61 



Buffalo Mutual Gas- Light Co. 
Dry Dock and East Broadway R.R 
Howard Insurance Company 
Phenix Insurance Company 
Lamar Insurance Company 
Hoffman Insurance Company 
Lenox Insurance Company 
Atlantic Insurance Company 
Loriliard Insurance Company 
New York Economical Printing Co 
Phenix Insurance Company 
Howard Insurance Company 

Knickerbocker Ice Company stock . 

10 shares Relief Fire insurance Company 

United States bonds 

Knickerbocker Ice Company bonds 

18 " National Exchange Bank 
3 " Irving Insurance Company 

United States bonds 

15 shares Home Insurance Company 



Mar 

$4 

o 



r 



ket value. I 

800 00 I 
500 00 > 
000 00 
900 00 
100 00 
200 001 
000 oo I 
100 00 ' 
200 00 j 
400 00 J 
500 00 
325 00 
500 00 
000 00 
500 00 
070 00 1 
200 00 ! 
900 00 f 
475 00 j 
400 00 
900 00 



$40 



.oanecl thereon. 

$5,000 00 

2,500 00 

700 00 

1,400 00 



5,000 00 



1,000 00 

3,000 00 

800 00 

400 00 



4,000 00 

5,000 00 
900 00 



970 00 $29,700 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Leather Manuf. Nat'l Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Salvage claims ..... 
Gross Assets ..... 
Deduct special deposits in other states . 



Balance 



$20,881 96 

153,917 00 

5,805 29 

359,200 00 

29,700 00 

5,197 02 

31,975 25 

2,064 82 

96,818 91 

9,341 94 

14,526 79 



$729,428 98 
49,000 00 

,428 98 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 



$31,056 64 

23,500 00 

5,500 00 



* Total value of property mortgaged ..... $355,00000 
Amount of insurance held as collateral ..... 142,300 00 



1879.] 



INS. COS. OF OTHER STATES. 



279 



Unearned premiums on outstanding" risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 



Surplus as regards policy-holders 
Paid-up Capital 



Surplus over Capital 



$270,745 43 
10,000 00 

$340,802 07 
16,256 12 



$324,545 95 

. $355,883 03 
. 250,000 00 



. $105,883 03 



Income. 

Cash received for fire premiums . . . $595,127 81 
Deduct re-insurance and return premiums . 55,916 52 

Net cash received for fire premiums . . 

Cash received for marine and inland pretns. . $81,478 22 
Deduct re-insurance and return premiums . 26,124 66 

Net cash rec'd for marine and inland prems. . — 

Interest received on bonds and mortgages . 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$539,211 29 



55,353 56 

10,174 90 

19,632 68 

770 00 

525,142 43 



Expenditures 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses' . 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



Risks and Premiums. 



$452,864 46 
2,022 91 



$73,507 46 
23,266 12 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$46,017,341 00 
55,108,679 00 

$101,120,020 00 
53,528,928 00 

$47,597,092 00 
387,878 00 



$450,841 55 



50,241 34 
25,000 00 
90,573 72 
46,264 27 
22,508 50 
58,207 84 

$743,637 22 



Premiums. 

$492,190 14 
595,127 81 

1,087,317 95 
570,402 96 

$516,914 99 
4,091 20 



$17,209,214 00 $512,823 79 



280 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



$493,380 00 
12,149,406 00 



,|7,343 80 
81,478 22 



$12,642,786 00 
11,961,733 00 



,822 02 
72,230 03 



. $681,053 00 $16,591 99 
6,000 00 192 00 



. $675,053 00 $16,399 99 



Miscellaneous. 



Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization o£ company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$4,248,833 03 

. 2,879,984 80 

. 220,000 00 

25,000 00 

. 451,698 19 

65,648 78 

71,700 00 



MANUFACTURERS' INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March, 1873. Commenced business August, 1873.] 

Paid-up Capital, $200,000. 

George Wilkinson, President. Secretary, D. Smith Wood. 

Detailed Statement of Stocks, Bonds, Etc. 

Far value. Market value. 

Manufacturers' National Bank stock . . $12,300 00 $11,070 00 
State Banking Company stock . . . 2,000 00 1,600 00 

Newark and Bloomfield Street-Railway stock . 1,500 00 750 00 



Securities held as collateral for cash loans: 



Manufacturers' National Bank stock 
National State Trust Company stock 
Bond and mortgage additional 
Houston City Market bonds . 
Bond and mortgage additional 



$15,800 00 $13,420 



Market value. Loaned thereon. 

$10,620 00 $8,200 00 

I 6,000 00 4,000 00 

I 10,000 00 4,500 00 

$26,620 00 $16,700 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $58,071 12 
Loans on mortgage of real estate (first liens*), 155,400 00 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$366,400 00 
115,350 00 



1879.] 



INS. COS. OF OTHER STATES. 



281 



Interest due or accrued thereon . . v . $5,807 19 

Stocks, as per schedule ..... 13,420 00 

Loans on collateral security, as per schedule . 16,700 00 

Cash in the office of the company . . . 3,415 47 

Cash deposited in Manufacturers' Nat'l Bank, 36,965 41 

Premiums in course of collection (net) . . 12,291 48 

Notes taken for marine and inland risks . . 1,707 52 

Gross Assets ...... 

Liabilities. 

Losses claimed and reported .... $14,606 54 

Losses disputed or resisted .... 1,500 00 

Unearned premiums on outstanding risks . 72,480 03 

Miscellaneous 700 00 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



Surplus over Capital 

Income. 

Cash received for fire premiums . ... $153,162 10 
Deduct re-insurance and return premiums . 16,869 30 

Net cash received for fire premiums . . 

Unpaid premium notes rec'd during the year . $1,707 52 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents . . . . . .... 



Gross Cash Income .... 

Expenditures 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and lqcal taxes . 

for incidentals 

Gross Cash Expenditures . 

Risks and Premiums. 



$303,778 19 



89,286 57 

$214,491 62 
200,000 00 

$14,491 62 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
36 



$12,279,806 00 
15,006,953 00 

$27,286,759 00 
13,519,219 00 

$13,767,540 00 
153,099 00 



$136,292 80 

8,751 32 
1,998 41 
2,986 02 

$150,028 55 



$74,825 83 

14,000 00 

30,967 34 

t 10,230 98 

•* 3,600 86 

7,614 52 

$141,239 53 

Premiums. 

$139,360 50 
156,499 44 

$295,859 94 
145,343 98 

$150,515 96 
5,007 44 



$13,314,441 00 $145,508 52 



282 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent) 
Fire losses incurred during the year 
Company's stock owned by directors .... 



1811,535 00 

357,334 58 

75,025 42 

14,000 00 

82,021 66 

122,150 00 



MANUFACTURERS' AND BUILDERS' FIRE INSURANCE 
COMPANY, NEW YORK, N.Y. 

[Incorporated Nov. 19, 1870. Commenced business Nov. 22, 1870.] 

Paid-up Capital, $200,000. 

Edward V. Loew, President. Secretary, J. Jay Nestell. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $146,000 00 $140,622 50 

Erie Railroad bonds 21,000 00 24,360 00 

360 shares Eleventh Ward Bank . . . 9,000 00 9,000 00 

80 " Grand Central Bank . . . 2,000 00 2,000 00 



Securities held as collateral for cash loans : — 

200 shares Grand Central Bank 

5 " Sterling Fire Insurance Company . 
110 " Eleventh Ward Bank . 



$178,000 00 $175,982 50 

Market value. Loaned thereon. 

$5,000 00 $2,000 00 

400 00 300 00 

2,750 00 2,000 00 



5,150 00 $4,300 00 



Summary of Assets Dec 31, 1879. 

Loans on mortgage of real estate (first liens*), $225,000 00 

Interest due or accrued thereon . . . 1,993 59 

Stocks and bonds, as per schedule . . . 175,982 50 

Loans on collateral security, as per schedule . 4,300 00 

Cash in the office of the company . . . 8,668 81 

Cash deposited in various banks . . . 32,212 24 

Interest due and accrued .... 664 50 

Premiums in course of collection (gross) . 10,741 21 

Rents due and accrued ..... 183 28 

Gross Assets ...... — 



$159,746 13 



* Value of lands mortgaged $443,000 00 

Value of buildings thereon 51,000 00 

Amount of insurance held as collateral 46,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



283 



Liabilities. 

Losses adjusted, unpaid . . . . . $752 08 

Losses claimed and reported .... 7,219' 54 

Total amount of losses $ 7, 971 62 

Less re-insurance ...... 272 24 

Net amount of unpaid losses .... $7,699 38 

Unearned premiums on outstanding risks . 65,481 87 

Due and accrued for rent, salaries, etc. . . 1,640 78 

Commissions and brokerage . . . . 1,870 65 

Return premiums ...... 144 29 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . ' 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $137,246 88 

Deduct re-insurance and return premiums . 8,S81 93 

Net cash received for fire premiums . . — 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents, etc. . '. . .... 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures 

Risks and Premiums. 



53,140 01 
827 17 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,369,414 00 
28,254,116 00 



$76,836 97 

$382,909 16 
200,000 00 

182,909 16 



$128,364 95 

16,364 05 

7,077 11 

602 70 

$152,408 81 



$15,623,530 00 
22,174,533 00 

$23,448,097 00 
889,332 00 



$52,312 84 
24,000 00 
20,581 87 
18.521 41 
8,879 20 
20,849 05 

$145,144 37 



Premiums. 

$67,829 90 
151,930 61 

$219,760 51 
91,278 69 

$128,481 82 
5,090 49 



$22,559,605 00 $123,391 33 



284 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . . . 



$804,872 20 

160,358 08 

164,000 00 

24,000 00 

57,828 81 

96,000 00 



MERCANTILE INSURANCE COMPANY CLEVELAND, O. 

[Incorporated November, 1871. Commenced business Dec. 23, 1871.] 

Paid-up Capital, $200,000. 

W. J. Gordon, President. Secretary, George A. Tisdale. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $80,000 00 $82,900 00 

Ohio state bonds 23,615 38 25,500 00 

100 shares Cleveland and Pittsburg Railroad . 5,000 00 5,350 00 

500 " Lake Shore and Michigan So. R.R. 50,000 00 50,000 00 

500 " Chicago and North- Western R.R. . 50,000 00 49,800 00 

100 " Chicago, M., and St. Paul R.R. . 10,000 00 10,200 00 

100 " N. Y. Central and H. R. R\r. . 10,000 00 13,000 00 

Buffalo and Erie Railroad bonds . . . 14,000 00 16,550 00 

Buffalo and State Line Railroad bonds . . 1,500 00 1,600 00 

Cleve., Col., Cinn., and Ind'apolis R R. bonds, 15,000 00 16,000 00 

Cincinnati and Springfield Railroad bonds . 11,000 00 11,600 00 

Chicago, Mil., and St. Paul Railroad bonds . 5,000 00 5,600 00 

$275,115 38 $288,100 00 
Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

100 shares Chicago and North- Western R.R. . $9,100 00 $6,000 00 

Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $90,896 00 

Interest due or accrued thereon . . . 4,904 49 

Stocks, bonds, etc., as per schedule . . 288,100 00 

Loans on collateral security, as per schedule . 6,000 00 

Cash in the office of the company . . . 3,674 93 

Cash deposited in various banks . . . 11,004 37 

Interest due and accrued ..... 2,326 00 

Premiums in course of collection (gross) . . 10,467 32 



* Value of lands mortgaged . $216,700 00 

Value of buildings thereon 10,000 00 

Amount of insurance held as collateral 5,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



285 



Notes taken for marine and inland risks 
Wrecking-pumps . 
Salvage . 

Office furniture . . $1,500 00 

Bills receivable . . . . 3,929 62 

Gross. Assets 



$5,098 00 
1,250 00 
1,250 00 



$424,971 11 



Liabilities 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Due and accrued for rent, ; salaries, etc. 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$12,373 05 

3,500 00 

63,557 87 

1,546 13 

229 21 



Surplus over Capital 



81,206 26 

$343,764 85 
200,000 00 

$143,764 85 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash received for marine and inland prems 

Unpaid premium notes received during the year, 

Interest received on bonds and mortgages 



$128,275 05 
13,458 44 

$34,382 73 
1,760 99 



$5,098 00 
Interest and dividends received from all other sources . 



Gross Cash Income 



$114,816 61 



32,621 74 

6,059 92 
16,819 03 

$170,317 30 



Expenditures 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 



$68,930 72 
648 45 

$28,666 64 
9,986 71 



$68,282 27 



18,679 93 
20,000 00 
23,118 66 
10,849 32 
4,191 38 
9,195 00 



Gross Cash Expenditures 



$154,316 56 



286 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



RrSKS AND PREMIUMS. 



Fire risks outstanding Dec 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 

Deduct amount re -insured . . . 

Net amount in force 

Inland risks outstanding Dec. 31, 1878 
Inland risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$8,371,753 00 
11,980,322 00 

$20,352,075 00 
10,175,554 00 

$10,176,521 00 
46,400 00 



Premiums. 

$92,796 97 
128,152 53 

$220,949 50 
102,273 51 

$118,675 99 
641 94 



$10,130,121 00 $118,034 05 

.' $76,716 00 $3,752 52 

. 5,102,730 00 34,491 14 

$5,179,446 00 $38,243 66 

. 5,036,880 00 31,813 17 

. $142,566 00 $6,430 49 

1,000 00 75 00 

. $141,566 00 $6,355 49 



Miscellaneous. 

Premiums received from organization of company . $1,398,417 90 

Losses paid from organization of company .... 711,338 95 

Cash dividends declared from organization of company . 175,000 00 

Dividends declared during the year (10 per cent) . . . 20,000 00 

Fire losses incurred during the year . . . . . 76,671 83 

Inland losses incurred during the year ..... 17,034 20 

Company's stock owned by directors ..... 154,000 00 



MERCANTILE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 15, 1852. Commenced business Jan. 17, 1852.] 

Paid-up Capital, $200,000. 

William A. Andeiison, President. Secretary, C. W. Parmelee. 

Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $15,288 78 

Loans on mortgage of real estate (first liens*), 42,500 00 

Interest due or accrued thereon . . . 447 50 

United States bonds . . • . . . 204,265 00 

Cash in the office of the company . . . 626 75 

Cash deposited in Merchants' Ex. Nat'l Bank, 1,132 98 



* Value of lands mortgaged $48,000 00 

Value of buildings thereon 51,500 00 

Amount of insurance held as collateral 45,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



287 



Premiums in course of collection (gross) . $3,152 53 

Rents due and accrued ..... 382 50 
Premiums more than 3 months due, $25 00 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid ..... $1,729 60 

Losses claimed and reported .... 2,450 00 

Unearned premiums on outstanding risks . 25,789 97 

Due and accrued for rent, salaries, etc. . . 611 42 

Commissions and brokerage .... 309 14 

Return premiums ...... 73 72 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . 



Surplus over Capital 

Income. 

Cash received for fire premiums . .. . $49,518 32 
Deduct re-insurance and return premiums . 3,474 17 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents ....... 



Gross Cash Income .... 

Expenditures 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



525,305 18 
550 81 



$267,796 04 



30,963 85 

$236,832 19 
200,000 00 

$36,832 19 



$46,044 15 

2,715 00 

11,286 70 

535 00 

$60,580 85 



$24,754 37 

20,000 00 

5,789 85 

12,066 52 

2,332 04 

5,721 53 

$70,664 31 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$7,789,569 00 $52,494 50 
. 8,381,000 00 50,288 02 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$16,170,569 00 $102,782 52 
. 8,704,155 00 51,856 35 



$7,466,414 00 $50,920 17 
. 178,595 00 1,237 97 



$7,287,819 00 $49,688 20 



288 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

# 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . . . 



$1,800,025 21 

881,170 22 

522,000 00 

20,000 00 

23,903 20 

49,500 00 



THE MERCHANTS' INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 
Paid-up Capital, $400,000. 

Silas Merchant, President. • Secretary, Henry Powles. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Newark city bonds . 

Elizabeth city bonds 

Long Branch school bonds 

East Orange improvement bonds 

Citizens' Gas-Light Company bonds 



Securities held as collateral for cash loans : 



413 shares Consumers' Coal Company 
20 " Citizens' Gas-Light Company 

Harrison Street improvement bond 
40 shares Newark Gas-Light Company 

8 " Newark City Ice Company 
20 " Newark City National Bank 

25 " Newark City Ice Company 
60 " Newark Gas-Light Company 

5 " People's Insurance Company 

26 " Newark City Ice Company 
29 " Mutual Benefit Ice Company 
48 " Merchants' National Bank 

100 " Newark City Ice Company 
200 " Mechanics' National Bank 
10 " First National Bank 
50 " Newark City Ice Company 
8 " Merchants' National Bank 
Newark and New York Railroad bonds 
32 shares National Newark Banking Co. 



Par value. 

$250,000 00 
100,000 00 
25,000 00 
15,000 00 
17,500 00 
12,000 00 



Market value. 

5265.312 50 

115,000 00 

10,000 00 

15,000 00 

18,375 00 

12,960 00 



1419,500 00 $436,647 50 



Market value. 

$2,065 00 

1,000 00 

2,400 00 

2,600 00 

800 00 

1,250 00 

2,500 00 

3,900 00 

400 00 



Loaned thereon. 

$2,000 00 



I 3,000 00 
I 1,500 00 

[ 5,000 00 



2,600 00 | 
290 00 \ 


1,500 00 


4,800 00 


3,500 00 


10,000 00 


7,500 00 


17,500 00 


10,000 00 


1,000 00 '| 

5,000 00 \ 


4,000 00 


800 00 


525 00 


4,500 00 


3,500 00 


2,000 00 


500 00 


$65,405 00 


$42,525 00 



1879.] 



INS. COS. OF OTHER STATES. 



289 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon 
Bonds, as per schedule . . • 
Loans on collateral security, as per schedule 
Cash in the office of the company 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued . 
Gross Assets 



$143,683.52 

371,742 00 

8,898 36 

436,647 50 

42,525 00 

5,283 56 

47;782 34 

5,449 19 

25,215 75 

650 00 



-$1,087,877 22 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . 



Surplus over Capital 



$17,676 00 

20,417 00 

5,250 00 

195,410 23 

570 00 

6,483 00 

14,254 87 

796 62 

6,003 48 

1,381 47 



- 268,242 67 

. $819,634 55 
. 400,000 00 



Income. 
Cash received for fire premiums . . . $346,699 24 
Deduct re-insurance and return premiums . 25,352 19 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



. $419,634 55 



Gross Cash Income 



$321,347 05 

36,921 57 

12,787 00 

1,663 87 

$372,719 49 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 



$174,099 86 
5,163 90 



$168,935 96 
48,150 00 



* Value of lands mortgaged $459,425 00 

Value of buildings thereon 544,500 00 

Amount of insurance held ae collateral 452,950 00 



:$7 



290 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for redemption of scrip . 
Interest paid scripholders . . ' 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . , 



$15,145 60 

3.389 68 

59,240 00 

28,770 00 

9,693 05 

32,906 75 

$366,231 04 



Risks and Pri 

Fire risks outstanding Dec. 31, 1878 
Fire risks written during- 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



;miums. 

Premiums. 

$46,374,819 00 -$411,510 42 
40,587,135 00 355,097 20 



$92,961,954 00 $766,607 62 
46,351,342 00 373,299 27 



$46,610,612 00 $393,308 35 
347,224 00 2,852 46 



$46,263,388 00 $390,455 89 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors 



$3,560,934 00 

1,428,178 00 

288,219 00 

48,000 00 

190,857 09 

66,500 00 



MERCHANTS' INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1850. Commenced business April, 1850.] 

Paid-up Capital, $200,000. 

C. V. B. Ostrander, President. Secretary, J. L. Douglass. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

300 shares North River Bank . 

80 " Merchants' Exchange Bank 
300 " New York Central Railroad 

10 " Rensselaer and Saratoga Railroad 



Par value. Market value. 

$130,000 00 $136,412 50 
9,000 00 9,000" 00 



4,000 00 

30,000 00 

1,000 00 



3,000 00 

38,700 00 

1,000 00 



$174,000 00 188,112 50 



1879.] 



INS. COS. OF OTHER STATES. 



291 



Securities held as collateral for cash loans 



40 shares Globe Insurance Company 
6 " Star Insurance Company 

10 " Home Insurance Company 

25 " American Exchange Insurance Co 
5 " First National Bank, Saugerties 

48 " Broad wa}^ Bank 



Market value. Loaned thereon. 



|2,300 00 

690 00 

1,300 00 

1,437 50 

500 00 

2,544 00 



$1,500 00 
500 00 

1,200 00 

300 00 
1,800 00 



1,771 50 $5,300 00 



Summary of Assets Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets ..... 



31, 1879. 

.113,100 00 
214,000 00 

5,947 50 
188,112 50 

5,300 00 
16,540 38 

4,556 00 

9,699 76 



$457,256 14 



Liabilities. 

Losses adjusted, unpaid . 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 

Surplus over Capital 



$18,170 00 
12,750 00 
51,729 83 



82,649 83 



$374,606 31 
200,000 00 



$174,606 31 



Income. 

Cash received for fire premiums . . . $122,410 91 
Deduct re-insurance and return premiums . 15,350 61 

Net cash received for fire premiums . . $107,060 30 

Interest received on bonds and mortgages .... 16,082 29 

Interest and dividends received from all other sources . . 4,027 12 

Income from rents . 3,337 50 

Gross Cash Income $130,507 21 



Cash paid for fire losses 
Cash dividends paid 



Expenditures. 



$81,284 25 
26,000 00 



* Value of lands mortgaged . 
Value of buildings thereon 



if 101 ,000 00 
315,000 00 



292 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



. $24,346 65 

24,700 53 

8,546 59 

12,363 37 

. $177,241 39 



Risks ani> Premiums. 



Fire risks outstanding Dec 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$24,446,221 00 $176,931 20 
21,557,295 00 119,714 19 



$46,003,516 00 $296,645 39 
25,051,473 00 183,748 39 



$20,952,043 00 $112,897 00 
27,750 00 140 28 



$20,924,293 00 $112,756 72 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (13 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors . 



$3,905,609 87 
1,606,554 16 
1,032,000 00 

26,000 00 
102,454 25 

47,900 00 



MERCHANTS' INSURANCE COMPANY IN PROVIDENCE, R.T. 

[Incorporated May 15, 1851. Commenced business July, 1S51.] 

Paid-up Capital, $200,000. 

W. T. Barton, President. Secretary, William Goodwin. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

1,600 shares National Bank of Commerce . $80,000 00 176,000 00 

1,000 " American National Bank . . 50,000 00 47,500 00 

400 " Merchants' National Bank . . 20,000 00 22,800 00 

200 " Globe National Bank . . . 10,000 00 7,000 00 

467 " Providence Gas Company . . 23,350 00 27,553 00 

200 " Phenix National Bank . . 10,000 00 15,200 00 

257 " Mechanics' National Bank . . 12,850 00 17,219 00 

102 " Manufacturers' National Bank . 10,200 00 13,260 00 

66 " Delaware and Hudson Canal Co . 6,600 00 4,950 00 



$223,000 00 $231,482 00 



1879,] 



INS. COS. OF OTHER STATES. 



293 



Securities held as collateral for cash loans : — 

Chicago, St. Louis, and N. O. R.R. bonds 

Mississippi Central Railroad bonds . 

22 shares Delaware and Hudson Canal Co. 

5 " National Bank of Commerce . 
25 " Ninth National Bank 



Market value. Loaned thereon. 

$5,350 00] 
8,500 00 | 
1,650 00 ^$15,000 00 

675 00 | 
2,425 00 j 



$18,600 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $19,500 00 

116 85 

231,482 00 

15,000 00 

2,926 26 

93,754 21 

359 98 

18,314 71 



Interest due or accrued thereon 

Stocks, as per schedule ..... 

Loans on collateral security, as per schedule . 

Cash in the office of the company . 

Cash deposited in National Bank of Commerce, 

Interest due and accrued . . . 

Premiums in course of collection (gross) 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid ..... $4,849 90 

claimed and reported .... 6,300 00 

disputed or resisted .... 990 00 

Unearned premiums on outstanding risks . 82,129 09 

State and local taxes . . . . . 124 53 

Commissions and brokerage . . . . 1,120 77 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $152,874 29 
Deduct re-insurance and return premiums . 13,358 69 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources 



$381,454 01 



- 95,514 29 

. $285,939 72 

. 200,000 00 

. $85,939 72 



$139,515 60 

1,680 66 

16,658 33 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses . 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



. $157,854 59 



$83,102 12 
2,251 50 



$80,850 62 



* Value of lands mortgaged $100,000 00 

Value of buildings thereon 40,000 00 

Amount of insurance held as collateral 17,500 00 



294 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for marine and inland losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for state and local taxes . 

Gross Cash Expenditures 



$625 00 
16,000 00 
28,975 02 
14,464 18 

5,440 07 

$146,354 89 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$12,498,919 00 $146,856 54 
15,104,538 00 152,699 88 



527,603,457 00 $299,556 42 
12,779,520 00 134,779 43 



$14,823,937 00 $164,776 99 
44,875 00 420 63 



$14,779,062 00 $164,356 36 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the. year (8 per cent) 

Fire losses incurred during the year . 

Company's stock owned by directors .... 



$4,084,760 59 

2,860,355 84 

538,000 00 

16,000 00 

78,903 52 

39,050 00 



MERIDEN FIRE INSURANCE COMPANY, MERIDEN, CONN. 

[Incorporated July, 1868. Commenced business February, 1872.] 
Paid-up Capital, $300,000. 

L. W. Clarke, President. Secretary, E. B. Cowles. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$193,000 00 $200,461 25 
15,000 .00 18,000 00 



United States bonds .... 

Harlem River and Port Chester R.R. bonds 

Meriden city water bonds 

Dayton city bonds .... 

Cleveland city bonds 

Cincinnati city bonds 

First National Rank stock, Meriden 

Home National Bank stock, Meriden 

Meriden National Bank stock . 

New Britain National Bank stock . 



5,000 00 
20,000 00 
10,000 00 
10,000 00 
11,300 00 
26,800 00 
8,900 00 
4,500 00 



5,750 00 
21,600 00 
10,800 00 
10,800 00 
12,430 00 
30,820 00 
11,125 00 

5,625 00 



1879.] 



INS. COS. OF OTHER STATES. 



295 



Yale National Bank stock, New Haven . 
Hartford National Bank stock 
Mercantile National Bank stock, Hartford 
Phoenix National Bank stock, Hartford . 



Securities held as collateral for cash loans: — 

480 shares Meriden Britannia Company . 
10 " American Express Company . 

195 " Meriden Cutlery Company 

100 " G. F. Warner & Co., New Haven . 

First mortsra^e assigned ..... 

200 shares Pultz & Walkley, Plantsville . 
15 " Manning. Bowman, & Co., Meriden, 
64 " Victor S. M.. Co., Middletown 



$5,500 00 

5,000 00 

5,000 00 

200 00 



$5,692 50 

7,650 00 

6,500 00 

300 00 



$320,200 00 $347,553 75 



Market value. Loaned thereon. 



$36,000 00 

575 00 

3,656 25 

1,500 00 

2,800 00 

5,000 00 

562 00 

800 00 



£9,200 00 
2,250 00 

3,150 00 
1,250 00 

500 00 



$50,893 25 $16,350 00 



Summary of Assets Dec. 31, 1879. 



Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Non-resident tax ..... 
Maps, surveys, etc. . . . . $3,700 00 
Gross Assets ...... 

Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



$100 00 

5 00 

347,553 75 

16,350 00 

1,251 95 

14,875 66 

1,408 64 

37,926 14 

362 00 



$420,133 14 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 



$3,077 84 
4,910 00 
2,212 00 

96,815 99 
600 00 



107,615 83 

£312,517 31 
300,000 00 

$12,517 31 



$254,960 28 
41,333 53 



$213,626 75 



* Total value of property mortgaged 



$700 00 



296 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest received on bonds and mortgages ' . 
Interest and dividends received from all other sources 
Income from commissions ..... 



$92 79 

18,868 20 

902 70 



Gross Cash Income $233,490 44 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . 

Cash dividends paid' .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$164,216 28 
5,839 93 



$158,376 35 
15,000 00 
35,751 19 
10,400 00 
5,444 32 
25,462 98 

$250,434 84 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$14,152,995 00 $175,184 20 
21,068,492 00 265,463 35 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$35,221,487 00 $440,647 55 
18,253,061 00 237,114 55 



$16,968,426 00 $203,533 00 
804,523 00 11,199 05 



$16,163,903 00 $192,333 95 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent) 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$1,285,071 56 

741,378 27 

133,000 00 

15,000 00 

141,260 90 

77,000 00 



NATIONAL FIRE INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated December, 1849. Commenced business May, 1850.] 
Paid-up Capital, $200,000. 

John B. Seidenstricker, President. Secretary, H. C. Landis. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $65,000 00 $68,981 00 

Maryland state bonds 25,700 00 28,780 00 

Missouri state bonds 20,000 00 21,000 00 

Virginia state bonds 19,100 00 9,550 00 



1879.] 



INS. COS. OF OTHER STATES. 



297 



South Carolina state bonds 
West Maryland Railroad bonds (guaranteed) 
Pittsburg* and Cornellsville Railroad bonds 
Central Ohio Railroad bonds . 
Wilmington, C, and A. Railroad bonds . 



$11,500 00 

10,000 00 

6,000 00 

25,000 00 

42,542 00 



$10,350 00 

11,400 00 

6,600 00 

26,781 00 

19,170 00 



$224,842 00 $202,612 00 



Securities held as collateral for cash loans : — 

Nottingham Coal Company bonds . 

United States bonds ..... 

Virginia state bonds ..... 



Market value. Loaned thereon. 

$12,000 00 $9,000 00 

7,210 00 7,000 00 

2,250 00 2,000 00 



$21,460 00 $18,000 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Bonds, as per schedule .... 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Bank of Commerce 
Interest due and accrued 
Premiums in course of collection (net) . 
Rents due and accrued .... 
Gross Assets ..... 
Deduct special deposits in other states . 



Balance $279,699 38 



$55,000 00 

202,612 00 

18,000 00 

1,651 48 

4,002 73 

2,187 31 

5,516 69 

279 17 



$289,249 38 
9,550 00 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders unpaid . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$2,162 40 
6,750 00 
2,500 00 

45,866 90 

6,827 79 

201 10 

$64,308 19 
4,252 30 



60,055 89 



. $219,643 49 
. 200,000 00 



Surplus over Capital .... 

Income. 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
38 



. 


$19,043 49 


$97,286 26 




8,672 04 






$88,614 22 




. 


11,222 50 



298 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income from rents . . . . , .... 

Miscellaneous . . . . . . .... 

Deposits received for perpetual fire risks . . $1,008 90 

Gross Cash Income ........ 

Expenditures. 
Cash paid for fire losses ..... 
Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Deposits returned on perpetual fire risks . . $1,761 00 

Gross Cash Expenditures . . .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force . 



$9,715,994 00 
12,450,433 00 



81,436 06 
2,252 50 

$103,525 28 

$50,832 57 

24,080 20 

19,524 64 

7,640 38 

5,096 87 

5,528 14 

$112,702 80 



Premiums. 

,536 81 
97,286 26 



$22,166,427 00 $177,823 07 
11,614,195 00 86,877 04 



$10,552,232 00 $90,946 03 
52,135 00 479 77 



$10,500,097 00 $90,466 26 
. $284,750 00 



Miscellaneous. 
Premiums received from organization of company . . $1,713,923 35 
Losses paid from organization of company .... 954,347 92 
Cash dividends declared from organization of company . 331,504 55 
Dividends declared during the year (12 per cent) . . . 24,000 00 
Fire losses incurred during the year . . . . . 48,187 12 



NATIONAL FIRE INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 
Paid-up Capital, $600,000. 

Mark Howard, President. Secretary, James Nichols. 

Detailed Statemp:nt of Stocks, Bonds, Etc. 

Par value. Market value. 

United States 4i per cent bonds . . . $50,000 00 $53,000 00 

Connecticut state bonds 5,000 00 5,300 00 

Hartford city (Capitol) bonds . . . 25,000 00 29,000 00 

Hartford city (water) bonds .... 10,000 00 10,700 00 



1879.] 



INS. COS. OF OTHER STATES. 



299 



New Britain city bonds 

Rochester city bonds 

Lockport city bonds 

Buffalo city bonds . 

Cleveland city bonds 

Columbus city bonds 

Detroit city bonds . 

West Middle School District bonds 

Harlem River and Port Chester R.R. bonds 

Chicago, Burlington, and Quincy R.R. bonds, 

400 shares New York, N. EL, and H. Railroad, 



200 

200 

100 

200 

100 

100 

100 

50 

140 

100 

300 

215 

50 

300 

50 

200 

75 

70 

25 

200 



New York and Harlem Railroad . 
New York Central and H. R. R.R. 
P., Ft. Wayne, and Chicago R.R. . 
Cleveland and Pittsburg R.R. 
Chicago, Rock I., and Pacific R.R. . 
Nat'l Mech. Banking Assoc, N.Y. 
Metropolitan Nat'l Bank, N.Y. 
Central National Bank, New York, 
Farm, and Mech. Nat'l B'k, H'rfd, 
Charter Oak Nat'l Bank, Hartford, 
Phoenix National Bank, Hartford 
iEtna National Bank, Hartford 
City National Bank, Hartford 
Hartford National Bank, Hartford 
Mercantile Nat'l Bank, Hartford 
National Exchange Bank, Hartford, 
Nat'l Bank of the Republic, Boston, 
Boston National Bank, Boston 
Merchants' Bank, St. Louis . 
Willimantic Linen Company . 



Summary of Assets Dec 
Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Gross Assets .... 



$6,000 00 
25,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
13,000 00 
25,000 00 
25,000 00 
10,000 00 
40,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 
14,000 00 
10,000 00 
30,000 00 
21,500 00 

5,000 00 
30,000 00- 

5,000 00 
10,000 00 

7,500 00 

7,000 00 
800 00 

5,000 00 



$6,600 00 
27,750 00 
11,000 00 
16,650 00 
10,500 00 
10,300 00 
14,560 00 
27,000 00 
28,750 00 

9,700 00 
63,600 00 
15,900 00 
26,000 00 
11,100 00 
10,600 00 
14,800 00 

3,750 00 
13,600 00 

5,300 00 
16,520 00 
13,000 00 
45,900 00 
25,370 00 

4,250 00 
45,600 00 

6,000 00 
13,600 00 

9,150 00 

7,490 00 

500 00 

16,400 00 



$504,800 00 $629,240 00 

31, 1879. 

$62,963 11 

324,300 00 

10,449 02 

629,240 00 

277 85 

87,067 68 

5,159 98 

20,000 00 

-$1,140,057 64 



Value of lands mortgaged . 
Value of buildings thereon 
Amount of Insurance hold an collateral 



$533,440 00 
381,600 00 

226,450 00 



300 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



$2,371 45 

13,355 50 

3,349 87 

156,676 47 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $252,120 32 
Deduct re-insurance and return premiums . 16,182 81 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 

Gross Cash Income ........ 

Expenditures. 

Cash paid for fire losses ..... $140,054 51 

Deduct salvage and re-insurance . . . 531 58 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures 

Risks and Premiums. 



$175,753 29 

$964,304 35 
600,000 00 

$364,304 35 



$235,937 51 

36,241 61 

39,074 37 

2,948 00 

$314,201 49 



$139,522 93 
72,000 00 
34,837 06 
27,189 30 
7,754 93 
14,930 97 

$296,235 19 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$28,452,179 
23,328,630 



^Premiums. 

00 $318,876 05 
00 235,937 51 



$51,780,809 
22,031,048 



00 $554,813 56 
00 238,489 58 



$29,749,761 
108,653 



00 $316,323 98 
00 1,389 62 



$29,641,108 00 $314,934 36 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . . . 



12,731,600 77 

1,243,828 61 

533,000 00 

72,000 00 

134,653 97 

118,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



301 



NATIONAL FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated 1838. Commenced "business April 9, 1838.] 

Paid-up Capital, $200,000. 

Henry T. Drownk, President. Secretary, Henry H. Hall. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 1150,000 00 $155,325 00 

130 shares National Bank of Commerce . . 13,000 00 17,680 00 
100 " American Exchange National Bank, 10,000 00 11,400 00 



$173,000 00 $184,405 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) , 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
New York Produce Exchange stock 
Gross Assets .... 



$9,995 76 

170,000 00 

184,405 00 

6,343 04 

1,799 69 

2,076 67 

13,537 85 

600 00 



$388,758 01 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 



$10,000 00 
77,768 70 



87,768 70 

$300,989 31 
200,000 00 



Surplus over Capital $100,989 31 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents . . 

Income from trust company . 



Gross Cash Income $177,370 77 



$172,387 51 
18,036 62 



sources 



$154,350 89 

13,935 51 

8,196 65 

588 00 

299 72 



' Total value of property mortgaged . 
Amount of innurancc held an collateral 



$374,000 00 
180,400 00 



302 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses . . . ' . 

Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for rent ..... 

for incidentals . 

Gross Cash Expenditures . 



,911 87 
1,300 55 



,611 32 
20,000 00 
29,005 31 
20,300 19 
10,177 55 
3,000 00 
15,940 57 

$185,031 94 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$23,071,120 00 -1150,487 84 
26,264,967 00 173,763 58 



$49,336,087 00 $324,251 42 
25,807,827 00 168,787 38 



^23,528,260 00 $155,464 04 
86,176 00 1,047 79 



523,442,084 00 $154,416 25 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,898,323 00 

1,415,025 88 

910,056 00 

20,000 00 

84,699 00 

53,062 50 



NEWARK CITY INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 5, 1857. Commenced business March 21, I860.] 

Paid-up Capital, $200,000. 

Horace J. Poinier, President. Secretary, Henry Schoppe. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $26,000 00 ' $26,916 25 

Essex county bonds 19,000 00 20,270 00 

Newark city bonds 13,000 00 14,470 00 



$58,000 00 $61,656 25 



1879.] 



INS. COS. OF OTHER STATES. 



303 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Bonds, as per schedule .... 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Scrip dividends ..... 
Gross Assets ..... 



$93,000 00 

90,466 01 

3,227 19 

61,656 25 

7,814 00 

43,184 73 

398 26 

8,462 02 

285 75 

262 00 



^308,756 21 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 

Surplus over Capital 

Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents ..... 
Income from all other sources 

Gross Cash Income . 



$6,356 80 

9,075 00 

1,325 00 

63,488 01 

10 00 

57' 90 

1,857 47 

480 92 



$135,164 07 
9,370 51 



sources 



82,651 10 

$226,105 11 
200,000 00 

$26,105 11 



[25,793 56 
7,200 93 
4,411 84 
2,882 64 
1,987 64 



$142,276 61 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid .... 



$82,235 84 
280 03 



$81,955 81 
14,000 00 



* Value of lands mortgaged $80,000 00 

Value of tuildings thereon 164,400 00 

Amount of insurance held as collateral 108,700 00 



304 FffiE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



826,810 91 

11,800 00 

4,527 94 

6,077 39 

$145,172 05 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$10,300,130 00 
13,692,320 00 

$23,992,450 00 
12,545,301 00 

$11,447,149 00 
167,121 00 



Premiums. 

$112,842 07 
137,228 55 

$250,070 62 
123,062 95 

$127,007 67 
1,699 77 



$11,280,028 00 $125,307 90 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$1,193,738 00 

500,734 13 

165,645 42 

14,000 00 

91,227 78 

77,600 00 



NEWARK FIRE INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated May, 1810. Commenced business May, 1811.] 

Paid-up Capital, $250,000.* 

C. M. Woodruff, President. Secretary, John J. Henry. 



Detailed Statement of Stocks, JBonds, Etc. 



United States bonds .... 
National State Bank stock 
Newark City National Bank stock . 
National Newark Banking Company stock 
Mechanics' National Bank stock 
Mechanics' Insurance Company stock 
Morris and Essex Railroad Company stock 



Par value. 

$180,000 00 

11,400 00 

13,250 00 

7,700 00 

4,550 00 

1,050 00 

10,000 00 



Market value. 

$187,005 00 

11,400 00 

16,562 50 

9,625 00 

7,887 50 

1,312 50 

10,200 00 



$227,950 00 $243,992 50 



* Represented by scrip pledged to meet losses. 



1879.] 



INS. COS. OF OTHER STATES. 



305 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks and bonds, as per schedule . 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

]S T otes taken for marine and inland risks 

Rents due and accrued . 

Gross Assets .... 



$69,850 00 

361,175 00 

10,215 64 

243,992 50 

4,055 75 

46,275 77 

3,135 00 

20,596 07 

842 14 

320 00 



$760,457 87 



Liabilities. 

Losses adjusted, unpaid : ■;.. $15,688 67 

claimed and reported . . . . 8,125 00 

disputed or resisted .... 1,294 87 

Total amount of losses . . . . . $25,108 54 
Less re-insurance . . . . 451 72 

Net amount of unpaid losses .... $24,656 82 

Unearned premiums on outstanding risks . 118,464 59 

Interest due or accrued on scrip . . . 8,094 66 

Due and accrued for rent, salaries, etc. . . 250 00 

Commissions and brokerage .... 4,119 21 

Return premiums . . . . . 2,306 98 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . . 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $228,381 41 

Deduct re-insurance and return premiums . 32,100 79 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents . . . . . . . 



157,892 26 

$602,565 61 
250,000 00 

$352,565 61 



Gross Cash Income 



$196,280 62 

34,786 83 

4,412 25 

878 94 

$236,358 64 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



$117,271 70 
6,343 78 



10,927 92 



* Value of lands mortgaged $518,100 00 

Value of buildings thereon 525,500 00 



39 



306 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends paid .... 

Cash paid for redemption of scrip . ' . 
for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals . . . . 

Gross Cash Expenditures 



$24,824 10 

9,787 25 

42,490 11 

15,630 53 

5,848 52 

14,423 68 

1223,932 11 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$21,115,442 00 $204,049 21 
22,247,129 00 206,460 70 



Total ...... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$43,362,571 00 $410,509 91 
18,819,707 00 178,768 58 



$24,542,864 00 $231,741 33 
. 634,396 00 5,949 08 



$23,908,468 00 $225,792 25 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year . 
Company's stock owned by directors . . . . 



$1,685,714 38 
372,642 75 
353,258 00 

24,758 00 
130,968 92 

26,445 00 



NEW HAMPSHIRE FIRE INSURANCE COMPANY, MANCHES- 
TER, N.H. 

[Incorporated 1869. Commenced business April, 1870.] 
Paid-up Capital, $250,000. 
E. A. Straw, President. Secretary, John C. French. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Manchester (N.H.) city bonds 
St. Louis (Mo.) city bonds 
Chicago (111.) city bonds 
Cleveland (O.) city bonds 
Zanesville (O.) city bonds 
Marietta (O.) city bonds 
Concord (N.H.) city bonds 
Michigan Air Line Railroad bonds 



Par value. 

$150,000 00 
51,700 00 
17,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
2,000 00 
10,000 00 



Market value. 

$155,100 00 

56,500 00 

17,850 00 

11,000 00 

10,500 00 

•10,500 00 

10,500 00 

2,200 00 

10,800 00 



1879.] 



INS. COS. OF OTHER STATES. 



307 



Maine Central Railroad bonds 

Cheshire Railroad bonds 

Chicago, Burl., and Quincy Railroad bonds 

Burlington and Missouri Railroad bonds 

Jackson, Lansing, and Sag. Railroad bonds 

Boston, Concord, and Montreal Railroad bonds 

Marion county (Ind.) bonds . 

New Hampshire state bonds . 

Hillsborough county (N.H.) bonds . 

Suncook Valley Railroad stock 

City National Bank (Manchester) stock 



Securities held as collateral for cash loans : - 

32 shares Manchester and Lawrence Railroad 
10 " Amoskeag National Bank 
New England Loan Company bonds . . 



110,000 00 

13,000 00 

14,000 00 

10,000 00 

10,000 00 

7,000 00 

25,000 00 

11,000 00 

5,000 00 

4,000 00 

10,000 00 



$9,500 00 

13,000 00 

16,800 00 

11,500 00 

10,300 00 

7,000 00 

26,500 00 

12,500 00 

5,100 00 

4,000 00 

10,000 00 



$389,700 00 $411,150 00 

Market value. Loaned thereon. 

$4,000 00 $3,000 00 

1,400 00 1,000 00 

10,000 00 10,000 00 



$15,400 00 $14,000 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in bank .... 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



$2,619 69 

43,753 86 

411,150 00 

14,000 00 

6,041 88 
38,931 44 

8,000 00 
13,326 72 



$9,644 00 

4,225 00 

2,000 00 

124,821 55 



$537,823 59 



Surplus over Capital 

Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 

Gross Cash Income ..... 



140,690 55 

$397,133 04 
250,000 00 

$147,133 04 



$222,531 36 
16,015 04 



$206,515 72 
27,408 48 

$233,921 20 



* Value of lands mortgaged . 
Value of buildingw thereon 



$98,850 00 

40,000 00 



308 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



$18,592,797 00 
19,794,080 00 



1128,085 00 

20,000 00 

41,031 30 

7,588 90 

6,660 11 

9,947 12 

$213,312 43 



Premiums. 

1208,489 80 
206,515 72 



,386,877 00 
17,573,248 00 



5,005 52 
174,173 22 



$20,813,629 00 $240,832 30 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$1,289,670 95 
643,602 90 
144,000 00 
20,000 00 
120,456 87 
102,000 00 



NEW YORK AND BOSTON INSURANCE COMPANY, NEW 

YORK, N.Y. 

[Incorporated July 28, 1876. Commenced business Aug. 1, 1876.] 

Paid-up Capital, $200,000. 

A. G. Stevens, President. Secretary, R. L. Livingston. 

Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $44,493 87 

Loans on mortgage of real estate (first liens*), 23,000 00 

Interest due or accrued thereon . . . 408 87 

United States bonds ..... 165,400 00 

Cash in the office of the company . . . 1,509 54 

Cash dep. in Importers' and Traders' Nat'l B'k, 1,038 96 

Premiums in course of collection (gross) . 6,956 83 

Gross Assets 



$242,808 07 



* Value of lands mortgaged $13,000 00 

Value of buildings thereon 25,000 00 

Amount of insurance held as collateral .... 24,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



309 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums, etc. .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash received for marine and inland prems 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 



15,050 00 

14,590 91 

275 00 

1,364 48 

1,459 08 



527,318 16 

2,946 25 

$9,698 19 

293 63 



sources 



Gross Cash Income .... 

Expenditures 

Cash paid for fire losses . 

Deduct salvage and re -insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for interest on borrowed money 
for rent and incidentals . 

Gross Cash Expenditures 



£25,751 72 
2,026 96 

$5,064 42 
145 49 



$22,739 47 

$220,068 60 
200,000 00 

$20,068 60 



24,371 91 



9,404 56 
1,771 62 
7,157 78 
1,341 00 

$44,046 87 



$23,724 76 



4,918 93 
5,118 03 
9,775 95 
2,505 96 
447 03 
7,302 72 

$53,793 38 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$3,081,977 00 $21,062 86 
. 5,267,518 00 35,038 82 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



£8,349,495 00 $56,101 68 
4,293,780 00 27,058 13 



$4,055,715 00 $29,013 55 
. 155,050 00 851 17 



$3,900,059 00 $28,192 



310 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1878. 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



. $32,014 00 
. 2,735,975 00 



$387 75 
9,698 19 



$2,767,989 00 $10,085 94 
. 2,738,956 00 9,677 98 



$29,033 00 $407 96 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Fire losses incurred during the year 
Marine and inland losses incurred during the year 
Company's stock owned by directors 



$123,114 81 

67,114 17 

25,958 37 

5,942 16 

101,600 00 



NEW YORK BOWERY FIRE INSURANCE COMPANY, 

NEW YORK, N.Y. 

[Incorporated April 24, 1833. Commenced business September, 1833.] 

Paid-up Capital, $300,000. 

John A. Delanay, Jun., President. Secretary, Henry Griffin. 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $99,050 00 

Interest due or accrued thereon . . . 1,240 86 

United States bonds ..... 663,11949 

Cash in the office of the company . . . • 11,337 01 

Cash dep'd in Nat'l Butchers' and Drovers' B'k, 1,517 37 

Premiums in course of collection (gross) . 16,558 62 

Gross Assets 



$792,823 35 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus' as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$20,000 00 

82,947 80 

3,300 00 



106,247 80 

$686,575 55 
300,000 00 

$386,575 55 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$150,000 00 
200,000 00 
119,800 00 



1879.] 



INS. COS. OF OTHER STATES. 



311 



Income. 

Cash received for fire premiums . . . $166,890 67 
Deduct re-insurance and return premiums . 5,202 17 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$161,688 50 
11,538 20 
26,421 36 

729 85 

$200,377 91 



Expenditures. 

Cash paid for fire losses . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . . 

for incidentals . 

Gross Cash Expenditures 



$75,862 76 
1,825 81 



$74,036 95 
60,000 00 
18,002 90 
22,668 22 
13,297 29 
16,330 78 

$204,336 14 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$28,715,347 00 $117,013 19 
37,145,S05 00 166,890 67 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



£65,861, 152 00 $283,903 86 
31,560,581 00 121,943 39 



$34,300,571 00 $161,960 47 
403,200 00 1,995 13 



$33,897,371 00 $159,965 34 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year . 

Company's stock owned by directors . . . . 



$4,568,543 29 

1,623,241 54 

2,476,500 00 

60,000 00 

89,000 00 

71,925 00 



312 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
NEW YORK CITY INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Feb. 19, 1872. Commenced business March 1, 1872.] 

Paid-up Capital, $300,000. 

Richard L. Franklin, President. Secretary, John D. Kinsman. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $310,000 00 $334,662 50 
Brooklyn city bonds . . . .. . 20,000 00 21,400 00 



$330,000 00 $356,062 50 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), $10,000 00 
Interest due or accrued thereon 
Bonds, as per schedule .... 
Cash in the office of the company . 
Cash deposited in Metropolitan National Bank, 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets ..... 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . . 
disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



58 33 




. 356,062 50 




3,650 76 




i, 9,893 12 




700 00 




19,686 64 






$400,051 35 




$6,433 69 




9,058 90 




928 60 




81,815 10 




750 00 






98,986 29 




. . . . 


$301,065 06 




300,000 00 



Surplus over Capital 



$1,065 06 



Income. 

Cash received for fire premiums . . . $179,834 38 
Deduct re-insurance and return premiums . 25,816 02 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Profit on sale of stock ........ 



$154,018 36 

700 00 

15,715 60 

437 50 



Gross Cash Income . . $170,87146 



* Total value of property mortgaged . 
Amount of insurance held as collateral 



$15,000 00 
8,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



313 



Expenditures. 

Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses .... 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 



$102,101 67 
4,929 09 



$97,172 58 
15,000 00 
31,785 64 
16,741 90 
1,108 22 
27,356 81 



. $189,165 15 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

Tn force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$14,686,258 00 $113,002 10 
23,166,908 00 184,769 61 



$37,853,166 00 $297,771 71 
16,832,121 00 132,346 69 



$21,021,045 00 $165,425 02 
937,167 00 9,158 61 



$20,083,878 00 $156,266 41 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire losses incurred during the year . . . . 

Company's stock owned by directors . 



$977,861 00 

504,621 00 

95,000 00 

15,000 00 

103,753 00 

84,600 00 



NIAGARA FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

Henry A. Howe, President. Secretary, Peter Notman. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Jersey city bonds .... 

District of Columbia bonds 

New York Gas-Light Company bonds 



40 



Par value. Market value. 

.$875,000 00 $930,400 00 

8,000 00 8,280 00 

. 10,000 00 8,500 00 

. 100,000 00 101,000 00 



$993,000 00 $1,018,180 00 



314 FIRE, MARINE, AND' FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans: 

Lehigh and Wilkesbarre Company bonds 
202 shares Delaware, Lack., and W. R.R. 
116 " New Jersey Zinc Company 

15 " Warren Railroad Company 
Buffalo, B., and Pittsburgh R.R. bonds . 
20 shares First National Bank, Stamford 

6 " N.Y.,N.H., and Hartford R.R. 
40 " Lorillard Insurance Company . 
43 u Hanover Insurance Company . 

8 " Republic Insurance Company . 
10 " New York City Insurance Company 
15 " Sun Mutual Insurance Company 
United States bonds .... 

Chesapeake and Ohio bonds ... 



Summary of Assets Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Bonds, as per schedule ..... 
Loans on collateral security, as per schedule 
Cash deposited in National Park Bank 
Interest due and accrued 
Premiums in course of collection (net) , 

Gross Assets 
Deduct special deposits in other states 



Balance 



Market value. Loaned thereon. 

$13,650 00 $10,000 00 



[ 26,530 00 18,500 00 



3,900 00 2,500 00 
900 00 600 00 



Y 5,192 50 4,000 00 



J 



15,600 00 15,000 00 
54,800 00 50,000 00 



$120,572 50 $100,600 00 

31, 1879. 

$23,500 00 

84,300 00 

3,186 81 

1,048,180 00 

100,600 00 

42,251 39 

1,161 29 

48,597 36 

$1,351,776 85 

36,050 00 



$1,315,726 85 



Liabilities. 
Losses adjusted, unpaid . . . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



$30,147 00 

12,000 00 

291,757 13 

235 50 

$334,139 63 
6,038 78 



328,100 85 

. $987,626 00 
. 500,000 00 



Surplus over Capital 



. $487,626 00 



* Value of lands mortgaged $102,750 00 

Value of buildings thereon 68,750 00 

Amount of insurance held as collateral ..... 68,750 00 



1879.] 



INS. COS. OF OTHER STATES. 



315 



Income. 
Cash received for fire premiums . . . $480,172 94 
Deduct re-insurance and return premiums . 66,609 98 

Net cash received for fire premiums . . $413,562 96 

Interest received on bonds and mortgages .... 6,877 50 

Interest and dividends received from all other sources . . 61,944 12 
Profit on sale of bonds . 17,500 20 

Gross Cash Income $499,884 78 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$273,135 80 
23,252 20 



$249,883 60 
60,001 00 
69,946 01 
49,370 93 
18,428 92 
50,374 00 

$498,004 46 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total i 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$67,140,848 00 $640,007 51 
57,875,745 00 480,030 92 



$125,016,593 00 $1,120,038 43 
57,369,978 00 501,527 48 



$67,646,615 00 $618,510 95 
2,093,687 00 24,297 47 



15,552,928 00 $594,213 48 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$11,110,761 96 
6,307,002 60 
1,519,000 00 
60,000 00 
246,311 60 
216,600 00 



316 FIRE, MARINE, AND FIRE-MARTNE [Dec. 31, 



NORTHERN INSURANCE COMPANY, WATERTOWN, N.Y. 

[Incorporated March 23, 1872. Commenced business March 23, 1872.] 

Paid-up Capital, $250,000. 

G. Lord, President. Secretary, A. H. Wray. 



Detailed Statement of Stocks, 



United States bonds 
Clayton and Theresa Railroad bonds 
Keokuk and Des Moines Railroad bonds . 
Rome, Watertown, and O. Railroad bonds 
Utica, Clinton, and B. Railroad bonds . 
Carthage, Watertown, and S. H. R.R. bonds 
Manistee city bonds .... 



Bonds, Etc. 

Par value. 

|S0,000 00 I 

10,000 00 

4,000 00 

12,000 00 

1,000 00 

1,000 00 

400 00 



Market value. 

$82,400 00 

10,000 00 

3,800 00 

12,000 00 

1,000 00 

1,000 00 

400 00 



$108,400 00 $110,600 00 



Securities held as collateral for cash loans: — 

Davis Sewing-Machine Company bonds . 

80 shares Merchants' Bank . 

60 " Watertown Steam Engine Company, 

50 " Jefferson County National Bank 

Mortgage on city property .... 

Hounsfield town bond * . 

Rome, Watertown, and O. Railroad bond 



Market value. 

$12,000 00 

4,800 00 

4,500 00 

6,000 00 

324 05 

1,000 00 

2,000 00 



Loaned thereon. 

$9,579 42 
' 5,000 00 



5,500 00 

900 00 
1,000 00 



,624 05 $21,979 42 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in office and deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Office furniture . • . . . $2,000 00 
Gross Assets ...... 



$41,057 00 

120,610 78 

5,198 88 

110,600 00 

21,979 42 

41,631 25 

421 03 

28,991 86 

253 50 



$370,743 72 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 



[2,424 61 
3,640 00 
1,750 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$171,120 00 
97,580 00 
73,810 00 



1879.] 



INS. COS. OF OTHER STATES. 



317 



Unearned premiums on outstanding risks 

Commissions and brokerage . ... 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . . 



Surplus over Capital 



$2,803 13 
2,580 10 



$113,197 84 

$257,545 88 
250,000 00 

$7,545 88 



Income. 

Cash received for fire premiums . . . $226,361 31 
Deduct re-insurance and return premiums . 42,246 64 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages . 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$184,114 67 
9,921 88 
9,184 29 
1,341 16 

$204,562 00 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . . • . 

Gross Cash Expenditures . 



.18,964 85 
15,000 00 
33,619 97 
15,811 30 
5,716 98 
11,947 30 



$201,060 40 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 



Risks and Premiums. 

Premiums. 

$12,005,666 00 $165,788 12 
18,323,804 00 226,361 31 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$30,329,470 00 $392,149 43 
15,730,602 00 204,766 39 



$14,598,868 00 $187,383 04 
325,556 00 5,817 38 



$14,273,312 00 $181,565 66 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (6 per cent) 

Eire losses incurred during the year . . . . 

Company's stock owned by directors . 



$1,205,302 39 
790,158 09 
25,000 00 
15,000 00 
118,919 31 
88,900 00 



318 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

NORTHWESTERN NATIONAL INSURANCE COMPANY, 
MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

Alexander Mitchell, President. Secretary, John P. McGregor. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . 

Milwaukee and St. Paul Railroad bonds . 

Chicago, Milwaukee, and St. Paul R.R. bonds, 

Milwaukee water bonds . 

North Chicago Rolling Mills Co. contract 



Par value. Market value. 

8410,000 00 $444,025 00 
15,000 00 18,600 00 



40,000 00 

150,000 00 

10,000 00 



44,000 00 

168,000 00 

10,000 00 



$625,000 00 $684,625 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Bonds, etc., as per schedule . 
Cash in the office of the company . 
Cash deposited in Wis. M. and F. Ins. Co. 's B'k 
Interest due and accrued 
Premiums in course of collection (gross) 
Due from insurance companies 
Board of Trade certificates 
Salvage on losses paid .... 
Gross Assets 



$6,000 00 

134,200 00 

1,693 25 

684,625 00 

2,904 46 

92,935 57 

1,777 50 

27,562 07 

201 50 

550 00 

1,799 67 



$954,249 02 



Liabilities. 




Losses adjusted, unpaid . 


. $19,422 52 


claimed and reported . 


28,593 59 


disputed or resisted 


4,400 00 


Unearned premiums on outstanding risks 


151,352 62 


Commissions and brokerage . 


3,450 49 


Miscellaneous ...... 


929 62 


Gross Liabilities, except Capital 


°08 "M8 94 




Surplus as regards policy-holders 


. $746,100 18 




. 600,000 00 


Surplus over Capital 


. $146,100 18 















1879.] 



INS. COS. OF OTHER STATES. 



319 



Income. 

Cash received for fire premiums . . . $273,432 62 

Deduct re-Insurance and return premiums . 17,109 45 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $84,201 00 

Deduct re-insurance and return premiums . 5,624 49 

Net cash rec'd for marine and inland prems. . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Income from all other sources . . . .... 

Gross Cash Income 



$256,323 17 



78,576 51 

11,200 00 

37,587 64 

481 96 

$384,169 28 



Expenditures 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses . . . 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$138,042 65 
118 13 

$52,212 69 
6,344 12 



$137,924 52 



45,868 57 
63,000 00 
41,074 25 
30,140 02 
8,717 63 
30,173 96 

$356,899 55 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 



23,1S8,895 00 
30,943,726 00 

$54,132,621 00 
28,614,843 00 

$25,517,778 00 
342,500 00 



Premiums. 

$278,066 85 
273,226 07 

$551,292 92 
260,201 51 

$291,091 41 
3,631 53 



$25,175,278 00 $287,459 88 



$250,000 00 
13,767,679 00 

$14,017,079 00 
13,707,679 00 



$5,000 00 
89,542 53 

$94,542 53 
89,542 53 



In force at end of year 



. $250,000 00 $5,000 00 



320 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10^ per cent) 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year . 
Company's stock owned by directors . 



13,691,212 40 

2,0"67,949 50 

279,000 00 

63,000 00 

152,530 73 

56,941 97 

387,000 00 



ORIENT INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

Selden C. Preston, President. Secretary, George W. Lester. 



Detailed Statement of Stocks, 

504 shares American National Bank, Hartford 

120 * 

130 ' 

100 < 

119 ' 

62 ' 

1*82 ' 

124 < 

324 < 

75 < 

100 « 

247 ' 

400 ' 



' ./Etna National Bank, Hartford 
' Charter Oak Nat'l Bank, Hartford 
1 Farm, and Mech. Nat'l B'k, Hartf 'd 
' Mercantile Nat'l Bank, Hartford 
' Phcenix National Bank, Hartford 
' Exchange National Bank, Hartford 
' City National Bank, Hartford 
' Hartford National Bank, Hartford 
' Metropolitan Nat'l B'k, New York 
' Conn. Trust and S. Dep. Co., Hartf 'd 
' N. Y., N. H., and Hartford R.R. 
' Cleveland and Pittsburgh Railroad 

Indiana Central Railroad bonds 

Indianapolis and Cincinnati Railroad bonds 

Peoria county (111.) bonds 

Pawtucket (R.I.) town bonds 

New Brunswick (N.J.) city bonds 

Evansville (Ind.) city bonds . 

Atlantic Dock Company bonds 

Norwich (Conn.) town bonds . 

Lockport (N.Y.) city bonds . 

Washington (Ind.) city bonds 

Indianapolis (Ind.) city bonds 

Hartford town bonds 

Macon county (111.) bonds 

United States bonds 



Bonds, Etc. 

Par value. 

$25,200 00 
12,000 00 
13,000 00 
10,000 00 
11,900 00 

6,200 00 

9,100 00 
12,400 00 
32,400 00 

7,500 00 
10,000 00 
24,700 00 
20,000 00 
10,000 00 
11,000 00 

5,000 00 
25,000 00 
10,000 00 
15,000 00 

9,000 00 
60,000 00 
10,000 00 
15,000 00 
20,000 00 

4,000 00 

4,000 00 
25,000 00 



Market value. 

$32,760 00 
14,^00 00 
17,030 00 
11,650 00 
14,637 00 

9,610 00 
12,558 00 
10,788 00 
49,572 00 

9,900 00 

7,500 00 
38,285 00 
21,300 00 
10,000 00 
11,550 00 

5,500 00 
28,750 00 
10,500 00 
15,000 00 

9,540 00 
69,000 00 
11,000 00 
16,500 00 
20,000 00 

4,120 00 

4,000 00 
26,750 00 



$417,400 00 $192,200 00 



1879.] 



INS. COS. OF OTHER STATES. 



321 



Securities held as collateral for cash loans : — 

5 shares iEtna National Bank, Hartford 
25 " Nat'l Fire Insurance Co., Hartford, 
25 " Adams Express Company 
30 " iEtna Life Insurance Co., Hartford, 

2 " iEtna Fire Insurance Co , Hartford, 
15 " American National Bank, Hartford, 

5 " Charter Oak Nat'l Bank, Hartford, 

3 " First National Bank, Hartford 
388 " Willimantic Linen Company . 

1 first mortgage bond ..... 
Burlington city bonds ..... 



Market value. 

$600 00 

4,000 00 

2,625 00 

4,800 00 

470 00 

975 00 

655 00 

318 00 j 

33,368 00 

1,000 00 

2,000 00 



Loaned thereon. 

$300 00 

600 00 

1,218 00 

1,200 00 

1,880 00 

20,000 00 

900 00 

1,200 00 



$50,811 00 $27,298 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in American National Bank 
Interest due and accrued 
Premiums in course of collection (net) . 
Rents due and accrued .... 
Gross Assets ..... 



$26,767 31 

137,350 00 

2,471 89 

492,200 00 

27,298 00 

1,888 47 

82,164 44 

8,641 78 

30,028 77 

209 55 



$809,020 21 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$21,587 57 
141,133 74 



- 162,721 31 

. $646,298 90 
. 500,000 00 



. $146,298 90 



Income. 

Cash received for fire premiums . . . $248,599 86 
Deduct re-insurance and return premiums . 25,776 97 

Net cash received for fire premiums . . $222,822 89 

Interest received on bonds and mortgages .... 10,709 34 

Interest and dividends received from all other sources . . 32,011 25 

Income from rents ......... 897 60 

Gross Cash Income $266,441 OS 



* Total value of property mortgaged 

Amount of inisurance held as collateral 



$386,500 00 
121,750 00 



41 



322 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

« 

Cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$127,430 20 
50,000 00 
33,958 42 
21,125 56 
6,307 21 
21,524 80 

$260,346 19 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$23,129,298 00 $275,291 02 
22,482,787 00 248,599 86 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$45,612,085 00 $523,890 88 
20,546,423 00 240,646 09 



$25,065,662 00 $283,244 79 
301,221 00 4,003 80 



$24,764,441 00 $279,240 99 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,581,303 04 

1,333,426 04 

345,000 00 

50,000 00 

131,593 81 

56,600 00 



OPvIENT MUTUAL INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Feb. 18, 1854. Commenced business March 1, 1854.] 

Eugene Dutilh, President. Secretary, Charles Irving. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds ..... 
Sandy Hook and City Island Tel. Co. stock 



Par value. Market value. 

$250,000 00 $260,000 00 
1,000 00 1,000 00 



$251,000 00 $261,000 00 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . . $350,029 18 



Stocks and bonds, as per schedule . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 



261,000 00 

70,467 32 

5,191 02 

86,958 59 



1879.] 



INS. COS. OF OTHER STATES. 



323 



Notes taken for marine and inland risks . $343,143 61 

Unsettled accounts secured .... 3,253 43 

Company's own scrip . . $77,142 00 



Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Due for re-insurance .... 
Gross Liabilities, except Scrip . 

Surplus as regards policy-holders . 

Scrip outstanding, not ordered to be redeemed 

Surplus over Scrip . 



$1,120,043 15 



$118,815 00 
5,500 00 
144,705 10 
836 00 
7,285 55 
3,732 40 
6,045 31 
7,055 13 



Income. 
Cash received for marine and inland prems. . $778,788 12 
Deduct re-insurance and return premiums . 192,343 52 

Net cash received for marine and inland prems. 

Interest and dividends received from all sources 

Income from rents ......... 

Gross Cash Income . . . .... 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for redemption of scrip and interest 
for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals .... 

Gross Cash Expenditures .... 



$520,531 26 
106,827 59 



294,034 49 



. $826,008 66 
. *593,528 00 



232,480 66 



^5S6,444 60 
13,134 24 
21,521 50 

1621,100 34 



$413,703 67 
1,674 50 
44,140 16 
44,029 80 
16,297 14 
15,193 98 

$535,045 25 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 



Risks and Premiums. 

Premiums. 

$18,426,958 00 $113,571 23 
140,768,611 00 802,271 22 



Total 

Deduct risks expired and terminated 

In force at end of year . 



U59, 195,599 00 $915,812 45 
135,488,957 00 771,077 35 



$23,700,642 00 $144,765 10 



* Not including $77,142 held by company. 



324 FIRE, MARINE, AND FIRE-MARINE [Dee. 31, 



Miscellaneous. 
Premiums received from organization of company- 
Losses paid from organization of company 
Marine and inland losses incurred during the year 



^21,736,212 61 

11,393,221 71 

429,710 67 



PACIFIC FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 26, 1851. Commenced business April 29, 1851.] 

Paid-up Capital, $200,000. 

Thomas F. Jeremiah, President. Secretary, William A. Butler. 



Summary of Assets Dec. 31, 1S79. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
United States bonds . . , 
Cash in the office of the company . 
Cash deposited in Pacific National Bank 
Interest due and accrued 
Premiums in course of collection (net) 
Premiums more than 3 months due, $663 20 
Gross Assets ...... 



$81,100 00 
131,150 00 
1,828 06 
451,036 25 
3,244 05 
4,676 48 
5,050 00 
6,243 68 



$684,328 52 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 

Total amount of losses .... 
Less re-insurance . . . . . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 

Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 



$13,000 00 
3,000 00 

$16,000 00 
1,500 00 

$14,500 00 
70,775 88 



- 85,275 88 

. $599,052 64 

. 200,000 00 

. $399,052 64 



$133,143 81 
11,113 80 



$122,030 01 



* Value of lands mortgaged $138,000 00 

Value of buildings thereon 130,000 00 

Amount of insurance held as collateral 130,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



325 



Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents . . . . . 



Gross Cash Income .... 

Expenditures 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



174,498 74 
4,274 94 



$9,244 42 

21,738 06 

1,833 32 

$154,845 81 



$70,223 80 
40,000 00 
17,802 26 
25,750 00 
10,877 05 
12,016 63 

$176,729' 74 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

24,176,882 00 $138,137 51 
26,527,677 00 140,951 97 



$50,704,559 00 $279,089 48 
25,318,719 00 140,166 05 



$25,385,840 00 $138,923 43 
264,700 00 1,547 47 



$25,121,140 00 $137,375 96 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year . 

Company's stock owned by directors . . . . 



$3,275,188 00 

1,436,582 00 

998,000 00 

40,000 00 

78,773 80 

49,950 00 



PACIFIC MUTUAL INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated, 1854. Commenced business Jan. 10, 1855.] 

Horace J. Moody, President. Secretary, Willoughby Powell. 

Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value 

$335,000 00 $348,050 00 

10,000 00 10,000 00 

10,000 00 11,400 00 

5,000 00 6,800 00 



United States bonds .... 
Delaware and Hudson Canal Co. bonds . 
100 shares American Exchange Nat'l Rank 
50 " National Bank of Commerce . 



326 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commercial Mutual Insurance Company scrip, 
New York Mutual Insurance Company* scrip . 
Atlantic Mutual Insurance Company scrip 
Delaware Mutual Safety Insurance Co. scrip . 
50 shares Sandy Hook and City Island Tel. Co. 



Securities held as collateral for cash loans: — 

United States Life Insurance Company scrip 
200 shares United States Life Insurance Co. 
40 ' 

24 < 

100 ' 

30 ' 

33 ' 

88 ' 

25 < 
50 ' 
20 ' 
10 ' 

575 ' 

100 ' 

50 ' 



$130. 00^ 
70 00 ' 



670 00 , 
90 00 j 
1,000 00 



y $800 oo 



900 00 



1 United States Trust Company 

' Union Bank .... 

' Broadway Bank . . ■ , 

' Standard Fire Insurance Company 

'• Importers' and Traders' Ins. Co. 

' Manhattan Company 

' People's Bank 

' Guardian Fire Insurance Company 

' Nassau Fire Insurance Company 

' Union Ferry Company . 

' Fourth National Bank . 

4 Central National Bank . 

' German American Bank 

Western North Carolina Railroad bonds 
55 shares Lake Shore and Mich. Cent. R.R 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Premiums more than 3 months due, $2,575 75 
Gross Assets . . . . 

Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Due and accrued for rent 
Return premiums . 
Re-insurance . 

Gross Liabilities, except Scrip 

Surplus as regards policy-holders 

Scrip outstanding, not ordered to be redeemed 



12,500 00 



$361,9.60 00 $377,950 00 

Market value. Loaned thereon. 

$3,780 001 
12,000 00 
13,600 00 

1,740 00 

5,125 00 y 

2,100 00 | 

1,976 00 

5,852 00 j 
843 75 J 

3,500 001 

1,600 00 

1,320 00 
62,100 00 
10,900 00 

3,000 00- 
17,100 00 

8,250 00 



y 61,000 00 



14,700 00 
6,000 00 

$154,786 75 $124,200 00 

31, 1879. 

$377,950 00 

124,200 00 

3,505 89 

100,831 34 

66,503 42 

55,900 05 

■ $728,950 70 



$184,850 00 

129,624 90 

12,644 00 

13,897 80 

1,000 00 

4,371 93 

16,000 00 



Impairment of Scrip Reserve 



- 362,388 63 

. $366,562 07 

. 408,541 00 

. $41,978 93 



1879.] 



INS. COS. OF OTHER STATES. 



327 



Income. 

Cash received for marine and inland prems. . $971,637 05 
Deduct re-insurance and return premiums . 115,455 88 

Net cash rec'd for marine and inland prems. . 

Interest and dividends received from all sources . 

Gross Gash Income 

Expenditures. 

Cash paid for marine and inland losses . . $855,259 76 

Deduct salvage and re-insurance . . . 95,110 39 

Net cash paid for marine and inland losses 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures . 

Risks and Premiums. 

Marine risks outstanding Dec. 31, 1878 . $4,884,834 00 

Marine risks written during 1879 . 



$856,181 17 
35,900 46 

$892,081 63 



$760,149 


37 


118 


44 


59,259 


25 


43,401 


33 


5,310 


77 


34,769 


54 


. $903,008 


70 



Total 

Deduct risks expired and. terminated 

In force at end of year 



91,706 95 
103,959,623 00 1,047,340 45 



$108,844,457 00 $1,139,047 40 
100,469,944 00 994,231 43 



18,374,513 00 $144,815 97 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Marine and inland losses incurred during the year 



$17,674,749 80 

11,013,071 70 

802,199 37 



PARK FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 
Paid-up Capital, $200,000. 

William J affray, President. Secretary, William Valentine. 

Summary of Assets Dec. 31, 1879. 



United States bonds .... 

Loans on collateral security 
Cash deposited in National Broadway Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due, $1,085 
Gross Assets ..... 



$303,275 00 
5,000 00 
2,839 68 
6,434 69 
6,124 02 



$323,673 39 



328 FIRE, MARINE, AND FIRE-MARINE [Dec. 31. 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Due and accrued for rent 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . 

Surplus over Capital 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income ..... 



$4,645 00 
1,000 00 

26,872 57 
500 00 
918 00 



$55,420 04 
4,514 42 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . 

Gross Cash Expenditures . 



,039 95 
7,323 35 



$33,935 57 

$289,737 82 
200,000 00 

$89,737 82 



$50,905 62 
14,998 34 

$65,903 96 



$28,716 60 

24,000 00 

7,928 22 

10,537 50 

886 68 

6,208 47 

$78,277 47 



Fire risks outstanding Dec 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$7,708,500 00 $49,939 47 
11,742,527 00 57,162 37 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$19,451,027 00 $107,101 84 
11,915,448 00 54,226 43 



$7,535,579 00 $52,875 41 
304,246 00 1,086 01 



',231,333 00 $51,789 40 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$2,305,519 59 

1,132,071 68 

654,000 00 

24.000 00 

33.001 53 
49,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



329 



PENNSYLVANIA FIRE INSURANCE COMPANY, PHILA- 
DELPHIA, PENN. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

John Devereux, President. Secretary, Wm. G. Crowell. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

£270,000 00 $279,900 00 
55,500 00 
12,500 00 
10,000 00 
49,000 00 
37,500 00 
15,000 00 
25,000 00 
40,(100 00 
55,000 00 
20,000 00 
25,000 00 
10,000 00 
24,000 00 
60,000 00 
20,000 00 

4,000 00 
67,000 00 
37,000 00 
28,000 00 
26,000 00 
20,000 00 
15,000 00 
20,000 00 
49,000 00 
10,000 00 
20,000 00 
o. loan . 20,000 00 

1,500 00 
18,000 00 
25,000 00 
13,000 00 

8,000 00 
15,000 00 
00,000 00 
60,000 00 
20.000 00 
20,000 00 

1,000 oo 



United States bonds 

Philadelphia city loan 

250 shares Phila., Wil., and Bait. R.R. Co. 

Phila., Wil., and Bait. R.R. Co. loans, 6s 

Pennsylvania Railroad Company loan 

Philadelphia and Reading Railroad loan 

Delaware Railroad Company loan, 6s. 

Philadelphia and Erie Railroad Co. loan, 6s 

North Pennsylvania Railroad Company loan, 6s 

Lehigh Valley Railroad loan, 6s 

Harrisburg, Mount Joy, etc., Railroad loan, 6s 

Elmira and Williamsport Railroad loan, 7s 

West Jersey Railroad loan, 7s 

Pennsylvania and N. Y. Central R.R. Co. loan 

United Companies of New Jersey loan, 6s 

Southern Central Railroad loan 

West Pennsylvania Railroad loan 

The Car Trust of Pennsylvania 

The Empire Car Trust . 

The New Jersey Car Trust 

The New York and Pacific Car Trust 

The Pennsylvania Company . 

American Steamship Company loan 

Schuylkill Navigation Company loan 

Lehigh Coal and Navigation Company loan 

Chesapeake and Delaware Canal Co. loan 

Delaware Division Canal Company loan . 



Phila. and Reading Coal and Iron f 
Pennsylvania state loan, 6s 
Harrisburg city loan, 6s . 
St. Louis city loan, 6s 
Delaware state loan, 6s . 
New Jersey state loan, 6s 
Camden county loan, 6s . 
Cincinnati city loan 
Pittsburg city loan, 7s . 
Newark city loan, 7s 
200 shares Philadelphia Bank 
20 " Manayunk Gas Company 



67 
17 
11 

52 
40 
10 
25 
44 
62 
21 
26 
11 
28 
67 
20 

4 
67 
37 
28 
26 
20 
15 
18 
51 

8 
19 
17 

1 
18 
26 
13 

8 
16 
69 
68 
22 
35 

1 



275 00 

250 00 
000 00 
535 00 
787 50 
500 00 
750 00 
000 00 
150 00 
600 00 
875 00 
500 00 
320 00 
200 00 
000 00 
100 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
122 00 
730 00 
200 00 
000 00 
600 00 
635 00 
540 00 
000 00 
910 00 
240 00 
200 00 
200 00 
000 00 
950 00 
000 00 
ooo 00 



42 



11,286,000 00 $1,385,669.50 



330 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

6 shares Ins. Co. State of Pennsylvania . $1,784 00 $1,000 00 

700 " Pennsylvania Railroad . . . 35,700 00 26,200 00 



Summary of Assets Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Philadelphia National Bank 
Premiums in course of collection (gross) 
Gross Assets ..... 
Deduct special deposits in other states 

Balance . . . . 

Liabilities. 

Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
Beclaimable on perpetual fire policies 
State and local taxes .... 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital ..... 

Surplus over Capital 



$37,484 00 $27,200 00 

31, 1879. 

$140,000 00 

309,307 00 

5,929 33 

1,385,669 50 

27,200 00 

7,351 66 

50,599 79 

85,054 83 

$2,011,112 11 

20,650 00 



$1,990,462 11 



$42,000 00 

321,023 20 

419,015 68 

2,000 00 

20,000 00 

$804,038 88 
18,819 90 



785,218 98 

$1,205,243 13 
. 400,000 00 



. $805,243 13 



Income. 

Cash received for fire premiums . . . $579,239 66 
Deduct re-insurance and return premiums . 46,702 47 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents ....... 

Income from perpetual insurance .... 

Profit on securities sold ...... 

Deposits received for perpetual fire risks . $25,265 40 

Gross Cash Income . ... . .... 



$532,537 19 

22,985 75 

78,886 32 

250 00 

628 99 

90 00 

$635,378 25 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$850,000 00 
202,367 00 



1879.] 



INS. COS. OF OTHER STATES. 



331 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$318,480 03 
40,000 00 

. 83,361 03 
82,433 68 
16,666 82 
13,138 02 

$554,079 58 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . ... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



$47,927,868 00 
53,927,503 00 



Premiums. 

$608,511 22 
579,239 66 



$101,855,371 00 
47,982,465 00 



,187,750 88 
547,294 24 



$53,872,906 00 
695,346 00 



$640,456 64 
7,572 64 



$53,177,560 00 
$17,070,867 00 



$632,884 00 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$7,879,040 00 

5,522,695 00 

1,979,000 00 

40,000 00 

315,480 03 

76,200 00 



PEOPLE'S INSURANCE COMPANY, NEWARK, N J. 

[Incorporated March 5, 1866. Commenced business Oct. 11, 1867.] 

Paid-up Capital, $300,000. 

John M. 'Randall, President. Secretary, J. H. Lindsley. 



Detailed Statement of Stocks, Bonds, Etc. 

* Par value. Market value 

United States bonds 

Essex county bond .... 



$122,000 00 -1127,282 50 
9,000 00 9,900 00 



Securities held as collateral for cash loans 
Newark City Ice Company stock 



$131,000 00 $137,182 50 



Market value. Loaned (hereon. 

$15,700 00 $9,500 00 



332 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real est'ate . . $156,259 86 

Loans on mortgage of real estate (first liens*), 125,873 61 

Interest due or accrued thereon . . . 4,335 48 

Stocks, bonds, etc., as per schedule . . 137,182 50 

Loans on collateral security, as per schedule . 9,500 00 

Cash in the office of the company . . . 6,654 78 

Cash deposited in First National Bank . . 27,234 38 

Interest due and accrued .... 332 50 

Premiums in course of collection (gross) . 15,530 90 

Notes taken for marine and inland risks . 16,400 88 

Rents due and accrued ..... 2,150 50 

Gross Assets $501,455 39 

Liabilities. 

Losses adjusted, unpaid ..... $13,306 96 

claimed and reported .... 15,965 33 

disputed or resisted .... 1,600 00 

Unearned premiums on outstanding risks . 112,363 83 

Commissions and brokerage .... 2,000 00 

Gross Liabilities, except Capital and Scrip, 145,326 12 

Surplus as regards policy-holders $356,129 27 

Paid-up Capital . . .... ? . . 300,000 00 

Scrip outstanding, not ordered to be redeemed . . . 863 00 

Surplus over Capital and Scrip ..... $55,266 27 

Income. 
Cash received for fire premiums . . . $255,505 94 
Deduct re-insurance and return premiums . 24,777 46 

Net cash received for fire premiums . . . $230,728 48 

Interest received on bonds and mortgages .... 7,506 39 

Interest and dividends received from all other sources . . 7,868 12 

Income from rents ......... 4,030 91 

Gross Cash Income $250,133 90 



Expenditures. 

Cash paid for fire losses ..•'.. 

Cash dividends paid ..... 

Cash paid for redemption of scrip and interest 
for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals .... 

Gross Cash Expenditures 



$136,675 53 

24,000 00 

36 20 

56,258 29 

12,501 91 

8,465 10 

8,701 91 

$246,638 94 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$116,950 00 
130,600 00 
126,600 00 



1879.] 



INS. COS. OF OTHER STATES. 



333 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$19,738,649 00 $232,079 46 
21,616,716 00 252,238 69 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



541,355,365 00 $484,318 15 
21,229,688 00 256,459 21 



$20,125,677 00 $227,858 94 
415,353 00 5,478 26 



$19,710,324 00 $222,380 68 



Miscellaneous. 
Premiums received from organization of company . . $2,359,372 42 
Losses paid from organization of company .... 1,121,263 41 
Cash dividends declared from organization of company . 212,220 00 
Dividends declared during-the year (8 per cent) . . . 24,000 00 
Fire losses incurred during the year . .... 131,319 09 

Company's stock owned by directors ..... 143,000 00 



PEOPLE'S FIRE INSURANCE COMPANY, TRENTON, N.J. 

[Incorporated Feb. 25, 1861. Commenced business Feb. 10, 1865.] 

Paid-up Capital, $300,000. 

Charles Scott, President. Secretary, C. V. C. Murphy. 



Detailed Statement of 

United States bonds 
New Jersey state bonds . 
Jersey city bonds . 
Elizabeth city bonds 
Mechanics' National Bank stock 
Pennsylvania Railroad Company stock 
Central Railroad of New Jersey stock 
Central Railroad of New Jersey bonds 



Stocks, Bonds, Etc. 

Par value. Market value. 

1160,000 00 $166,775 00 

15,000 00 17,850 00 

25,000 00 25,892 00 

10,000 00 4,000 00 

7,500 00 9,600 00 

50,000 00 51,000 00 

9,000 00 7,245 00 

1,000 00 1,050 00 



Securities held as collateral for cash loans: 

Pennsylvania Railroad Company stock . 
Trenton Hall Association stock 



$277,500 00 $283,412 00 



Market value. Loaned thereon. 



16,834 00 



1 ,;■«.» oo [ M.000 00 



$11,334 00 



334 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 
• 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . . 

Cash deposited in Mechanics' National Bank 

Interest due and accrued . 

Premiums in course of collection (gross) 

Gross Assets 



31, 1879. 

$33,317 90 

222,150 00 

3,692 25 

283,412 00 

9,000 00 

83 00 

26,964 53 

135 00 

22,309 12 



$601,093 80 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 



$4,024 59 
8,805 00 
2.050 00 

96,754 63 

345 13 

4,561 80 

3,192 15 



- 119,733 30 

. $481,360 50 

. 300,000 00 

. $181,360 50 



Income 

Cash received for fire premiums . . . $156,710 85 
Deduct re-insurance and return premiums . 14,648 20 

Net cash received for fire premiums . . $142,062 65 

Interest received on bonds and mortgages .... 14,888 50 
Interest and dividends received from all other sources . . 14,195 20 
Income from all other sources . . . .... 6,633 75 

Gross Cash Income $177,780 10 



Expenditures. 



Cash paid for fire losses ...... 


. $116,890 76 


Cash dividends paid ...... 


24,000 00 


Cash paid for commissions and brokerage 


32,361 09 


for salaries of officers and employes 


10,257 50 


for state and local taxes .... 


4,157 63 


for incidentals ..... 


8,167 78 


Gross Cash Expenditures ..... 


. $195,834 76 




. $211,600 00 




278,000 00 







1879.] 



INS. COS. OF OTHER STATES. 



335 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$17,325,429 00 $213,293 34 
15,484,048 00 160,473 64 



Total ..... 
Deduct risks expired and terminated 

In force at end of year 



$32,809,477 00 $373,766 98 
15,ail,933 00 172,677 52 



$16,897,544 00 $201,089 46 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (8 per cent) 

Fire losses incurred during the year . 

Company's stock owned by directors . . . . 



$1,393,989 55 
629,313 50 
152,000 00 
24,000 00 
109,604 00 
141,900 00 



PHENIX INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated Sept. 10, 1853. Commenced business, Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

Stephen Orowell, President. Secretary, Philander Shaw. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$805,000 00 $S51,175 00 
45,000 00 16,200 00 



United States bonds 

Tennessee state bonds 

North Carolina state bonds 

Virginia state certificates 

Mississippi state certificates 

Kings county bonds, 6 per cent 

City of Brooklyn bonds, 6 per cent 

City of Brooklyn bonds (Park loan), 7 per ct 

Nassau Gas-Light Co. (Brooklyn) certificates 

900 shares Nassau Gas-Light Co., Brooklyn 

300 " New York Mutual Gas-Light Co. 

People's Gas-Light Co., Brooklyn, bonds 
590 shares People's Gas-Light Co., Brooklyn 
440 " Brooklyn Gas-Light Company 
100 " New York Gas-Light Company 
65 " Union Ferry Company, Brooklyn, 

1,617 " Brooklyn City Railroad Company, 
80 " Commercial Bank, Brooklyn 
13 " Merchants' Nat'l Bank, New York, 



10,000 00 
14,772 33 
20,000 00 

1,000 00 
15,000 00 

6,000 00 
17,000 00 
22,500 00 
30,000 00 
57,000 00 

5,900 00 
11,000 00 
10,000 00 

6,500 00 
16,170 00 

4,800 00 
050 00 



2,500 00 

886 34 

20,000 00 

1,100 00 
17,400 00 

7,680 00 
17,000 00 
14,625 00 
16,500 00 
57,000 00 

1,770 00 
14,850 00 

9,000 00 

0,750 00 
24,255 00 

3,360 00 
825 50 



336 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



500 shares Metropolitan Nat'l B'k, New York 
500 " Am. Ex. Nat'l Bank, Ne\v York 
200 " Fourth National Bank, New York 

75 " Nat'l B'k of the Republic, New York 
200 " Central National Bank, New York 

50 " ShoeandLea % th.Nat'lB'k,NewYork 
100 < ' St. Nicholas Nat'l Bank, New York 

87 " Nat'l B'k of Commerce, New York 
250 " Mechanics' Bank of Brooklyn 

40 " Mechanics' Nat'l Bank, New York 

80 " City Bank of Brooklyn . 
Houston and Texas Railroad bonds 



50,000 00 

50,000 00 

20,000 00 

7,500 00 

20,000 00 

5,000 00 

10,000 00 

8,700 00 

12,500 00 

1,000 00 

4,000 00 

3,000 00 



167,500 00 
57,500 00 
21,600 00 

8,775 00 
22,000 00 

6,300 00 
10,700 00 
11,919 00 
21,875 00 

1,350 00 
10,000 00 

3,000 00 



$1,289,992 33 $1,328,395 84 



Securities held as collateral for cash loans : — 



10 " Mechanics' Fire Ins. Co., Brooklyn, 

40 " Mechanics' Bank, Brooklyn . 
4 " Shoe and Leath. Nat'l B'k, New York, 

10 " New York Economical Printing Co. 

60 ' ' Manhattan Fire Ins. Co. , New York, 
130 " Union Trust Company, New York . 

16 " Shoe and Leath. Nat'l B'k, New York, 

30 " Lamar Fire Ins. Co., New York 

50 " Fireman's Trust Ins. Co., Brooklyn, 
7 " Market National Bank, New York, 
People's Gas-Light Co. (Brooklyn) bonds 

40 shares Long Island Bank, Brooklyn . 

20 " Montauk Fire Ins. Co., Brooklyn . 

30 " Standard Fire Ins. Co., New York, 

7 " Union Ferry Company, Brooklyn . 
Kings county bonds ..... 

8 shares Home Fire Ins. Co., New York 
Hamilton Fire Ins. Co., New York, 
Am. Ex. Fire Ins. Co., New York, 
Citizens' Bank, New York 
Hanover National Bank, New York, 
Norwich and Worcester R.R. Co. . 
Chicago, Burl., and QuincyR.R. Co. 
Manhattan Fire Ins. Co. , New York, 
Tradesmen's Fire Ins. Co., New York, 
Mechanics' Nat'l Bank, New York, 

New York city bond ..... 
200 shares Brooklyn City Railroad Company . 



50 

5 

30 

25 

5 

5 

60 

40 

24 



Market value. 

$1,110 00 

850 00 

3,500 00 

501 00 

1,500 00 

6,600 00 

15,600 00 

2,016 00 

3,150 00 

540 00 

791 00 

15,000 00 

2,200 00 

1,110 00 

1,845 00 

1,050 00 

5,750 00 

1,040 00 

1,275 00 

500 00 

750 00 

2,875 00 

500 00 



Loaned thereon. 



1 



}■ $5,368 00 

1,000 00 
5,500 00 

18,000 00 

1,100 00 

9,500 00 
2,500 00 

1,200 00 

700 00 

4,000 00 

2,000 00 
400 00 

3,000 00 



625 00 


200 00 


6,600 00 


6,000 00 


1,050 00 


500 00 


810 00 ) 

2,160 00 i 


2,000 00 


3,000 00 


2,000 00 


$84,301 00 


$64,968 00 



1879.] 



INS. COS. OF OTHER STATES. 



337 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

Notes taken for marine and inland risks 

Rents due and accrued ~ . 

Re- insurance due .... 

Salvage, wrecking-tug, etc. . 

Gross Assets .... 
Deduct special deposits in other states 



$1,011,553 03 
74,308 05 



937,244 98 



Balance ' - . ... $2,320,082 32 

Liabilities. 

Losses adjusted, unpaid ..... $17,908 24 

claimed and reported .... 101,998 01 

disputed or resisted . . . . 12,181 14 

Unearned premiums on outstanding risks -. 868,014 59 

Due and accrued for rent, salaries, etc. . . 3,250 00 

Commissions and brokerage .... 8,183 37 

Return premiums . . . . . . 17 68 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders ..... $1,382,837 34 
Raid-up Capital 1,000,000 00 

Surplus over Capital . . . .... $382,837 34 

Income 

Cash received for fire premiums . . $1,314,649 51 
Deduct re-insurance and return premiums . 132,820 50 

Net cash received for fire premiums . . if 

Cash rec'd for marine and inland premiums, $1,338,262 76 
Deduct re-insurance and return premiums . 357,503 80 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes rec'd during the year . $29,492 27 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from wrecking-apparatus . . .... 



$315,000 00 

211,000 00 

5,570 41 

1,328,395 84 

64,968 00 

1,620 76 

292,120 63 

4,268 92 

204,455 08 

29,492 27 

747 91 

21,000 00 

54,030 00 



-$2,532,669 82 
. 212,587 50 



,181,829 01 



980,758 96 

14,216 43 

84,714 87 

6,240 64 



Gross Cash Income 



$2,267,759 91 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of Insurance held an collateral 

43 



$138,150 00 
277,100 00 

229,500 00 



338 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses 

Cash paid for marine and inland losses . ! 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for interest on borrowed money- 
Loss on sale of bonds . 
Cash paid for incidental expenses . 

Gross Cash Expenditures . 







. $627,666 76 


1,491,005 71 


340,990 82 




1 150 Oil 89 




. 100,000 00 






. 331,955 68 






. 163,730 93 






31,752 00 






3,701 71 






33,475 67 






. 123,315 46 


, 


$2,565,613 10 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$146,435,995 00 $1,425,318 67 
153,395,865 00 1,313,897 18 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured, 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . . 
Deduct risks expired and terminated 

In force at end of year 



$299,831,860 00 $2,739,215 85 
137,653,292 00 1,154,383 55 



$162,178,568 00 $1,584,832 30 
1,679,754 00 18,864 38 



$160,498*814 00 $1,565,967 92 



1,321,876 00 $63,526 24 
152,744,741 00 1,371,300 19 



$163,066,617 00 $1,434,826 43 
153,137,426 00 1,374,331 91 



1,929,191 00 $60,494 52 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors 



$29,288,681 24 
15,555,543 86 
2,114,000 00 
100,000 00 
605,347 27 
1,108,924 72 
135,900 00 



1879.] 



INS. COS. OF OTHER STATES. 



339 



PHOENIX INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 

Paid-up Capital, $1,000,000. 

H. Kellogg, President. Secretary, D. W. C. Skilton. 



Detailed Statement of Stocks, 

1,000 shares Hartford National Bank 

439 

700 

162 

200 

300 

714 

100 

192 
1,000 

285 

250 

100 

180 

100 

150 

200 

400 
50 
75 

350 

500 

250 

200 

220 

500 



Farmers' and Mech. Nat'l Bank 
Mercantile National Bank . 
Charter Oak National Bank 
City National Bank 
iEtna National Bank . 
Phoenix National Bank 
Connecticut River Bank 
State Bank . . . . 
American National Bank 
National Exchange Bank 
Hartford Trust Company . 
Metropolitan Nat'l Bank, N.Y. 
Merch. Exch. Nat'l Bank, N.Y. 
Manuf. and Merch. Bank, N.Y. 
Central Trust Company 
New Britain National Bank 
Waterbury National Bank . 
Imperial Bank, Toronto, Ont. 
Nat'l Gold B'k & Trust Co., S.F 
Holyoke Water Power Co. . 
New York, N. H., and H. R.R. Co 
Rensselaer and Saratoga R.R. Co 
Chicago, R. I., and P. R.R. Co. 
Chicago, B., and Q. R.R. Co. 

g R.R. Co 



' Cleveland and Pittsbur 
United States bonds, 6s . 
South Carolina " consols," 6s 
Tennessee state bonds, 6s 
Province of Quebec bonds, 5s . 
Hartford city bonds, 6s . 
Detroit city bonds, 7s 
Cambridge city (Ind.) bonds, 10s 
San Francisco bonds., 6s and 7s 
Jacksonville (111.) bonds, 8s . 
New Britain water bonds, 7s . 
New Britain town bonds, 5s . 
Washington School Dist. of Hartford bonds, 5s 
Atlantid Dock Company bonds, 7s . 
Contra Costa Water Company's bonds, Ms 



Bonds, 

Par value 

1100,000 

43,900 

70,000 

16,200 

20,000 

30,000 

71,400 

3,000 

19,200 

50,000 

14,250 

25,000 

10,000 

9,000 

2,000 

15,000 

20,000 

20,000 

5,000 

6,000 

35,000 

50,000 

25,000 

20,000 

22,000 

25,000 

175,000 

17,551 

26,000 

50,000 

10,000 

50,000 

3,000 

30,000 

50,000 

10,000 

100,000 

15,000 

50,000 

25,000 



Etc. 

Market value. 

00 $153,000 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
37 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



53,119 00 

86,100 00 
21,060 00 
17,400 00 
36,300 00 
109,956 00 

3,500 00 
21,696 00 
64,000 00 
19,522 50 
21,250 00 
13,300 00 

6,750 00 

1,000 00 
17,700 00 
24,000 00 
32,400 00 

5,000 00 

4,200 00 
64,750 00 
80,000 00 
28,750 00 
29,800 00 
27,720 00 
26,750 00 
184,625 00 
14,918 66 

8,580 00 
49,000 00 
10,500 00 
56,000 00 

3,000 00 
32,100 00 
55,000 00 
10,400 00 
105,000 00 
15,450 00 
54,000 00 
27,500 00 



340 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Indianapolis and Cincinnati R.R. bonds, 7s . 
Connecticut Western Railroad bonds, 7s 
Connecticut Valley Railroad bonds, 7s . 
Harlem River and Port Chester R.R. bonds, 7s, 



$51,000 00 
20,000 00 

100,000 00 
50,000 00 



$53,040 00 

6,000 00 

58,000 00 

62,500 00 



$1,559,501 37 $1,774,637 16 



Securities held as collateral for cash loans : — 



Jefferson county (111.) bonds . 

215 shares First National Bank, Hartford 

50 

12 
500 
200 
150 
650 



Home National Bank, Meriden 
Travelers' Ins. Co., Hartford. 
Mercantile Nat'l B'k, Hartford 
Meriden Gas-Light Co., Meriden 
Home National Bank, Meriden 
Middlesex Quarry Company . 



Market value. 

£14,720 00 

23,650 00 

5,500 00 

2,700 00 

61,500 00 

5,500 00 

16,500 00 

65,000 00 



Loaned thereon. 



$25,875 00 

1,500 00 
50,000 00 

18,000 00 
48,589 05 

.95,070 00 $143,964 05 



Summary of Assets Dec. 31, 1879. 
Cash value of unencumbered real estate . . $135,000 00 
Loans on mortgage of real estate (first liens*), 148,000 00 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

Rents due and accrued . 

Gross Assets . . . 
Deduct special deposits in other states 

Balance . . 



4,245 00 

1,774,637 16 

143,964 05 

8,275 78 

368,682 19 

6,401 08 

162,194 34 

841 67 



£2,752,241 27 
85,000 00 

£2,667,241 27 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders 
Paid-up Capital ..... 



[,750 00 

14,208 00 

759,878 64 

18,900 00 

£877,736 64 
16,403 25 



Surplus over Capital 



861,333 39 

51, 805, 907 88 
1,000,000 00 

$805,907 88 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$150,000 

132,000 

97,300 



1879.] 



INS. COS. OF OTHER STATES. 



341 



Income. 

Cash received for fire premiums . . $1,290,715 74 

Deduct re-insurance and return premiums . 71,583 60 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources . 

Income from rents ........ 



Gross Cash Income 



41,219,132 14 

5,283 33 

114,898 40 

3,845 42 

,343,159 29 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$700,364 93 

200,000 00 

205,333 44 

65,662 25 

37,225 00 

102,378 02 



$1,310,963 64 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$121,275,658 00 $1,472,031 89 
109,796,160 00 1,219,132 14 



Total 

Deduct risks expired and terminated 

In force at end of year . 



^231,071,S18 00 $2,691,164 03 
99,723,788 00 1,196,032 31 



$131,348,030 00 $1,495,131 72 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$22,913,946 36 
13,718,617 48 
. 2,320,000 00 
. 200,000 00 
. 665,369 66 
. 106,800 00 



PROVIDENCE WASHINGTON INSURANCE COMPANY, 
PROVIDENCE, R.I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $400,000. 

J. II. DeWolf, President. Secretary, Warren S. Greene. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds -1170,000 00 $185,900 00 

Boston city bonds 20,000 00 23,200 00 



342 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



New York, Providence, and Boston R.R. bonds, 

Rensselaer and Saratoga Railroad bonds 

New York Mutual Gas-Light Company bonds, 

S. B. Buckner (city of Chicago) 

50 shares Nat'l B'k of Commerce, New York, 
776 " American Nat'l Bank, Providence, 

1,600 " Blackstone Canal Nat'l B'k, Prov. 
300 " Commercial Nat'l B'k, Providence, 
500 " Merchants' Nat'l B'k, Providence, 
200 " Mechanics' Nat'l B'k, Providence, 
300 " Nat'l Bank of No. America, Prov. 
300 " Nat'l Bank of Commerce, Prov. . 
200 ' « Weybosset Nat'l Bank, Providence, 
50 " Providence Tool Company, Prov. . 

What Cheer Corporation (real estate), Prov. . 

R. I. Hospital Trust Co. participation acct. 



810,000 00 
12,000 00 
30,000 '00 
45,000 00 

5,000 00 
38,800 00 
40,000 00 
15,000 00 
25,000 00 
10,000 00 
15,000 00 
15,000 00 
10,000 00 

5,000 00 
20,000 00 
40,000 00 



$11,500 00 
14,640 00 
30,000 00 
45,000 00 

6,750 00 
38,800 00 
36,800 00 
12,600 00 
28,500 00 
13,600 00 
19,500 00 
14,400 00 
11,200 00 

5,000 00 
.20,000 00 
40,000 00 



$525,800 00 $557,390 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Premiums more than 3 months due, $44 92 
Gross Assets 



$557,390 00 

55 75 

35,082 97 

1,033 33 

27,892 84 

43,368 13 



$664,823 02 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums , 



$993 04 
40,708 47 
10,536 84 

$52,238 35 
7,975 92 

$44,262 43 

145,148 54 

2,284 92 



191,695 89 

$473,127 13 
400,000 00 

$73,127 13 



$148,632 12 
18,956 85 



$129,675 27 



1879.] 



INS. COS. OF OTHER STATES. 



343 



Cash received for marine and inland premiums, $202,652 02 
Deduct re-insurance and return premiums . 24,363 76 

Net cash received for marine and inland prems. $178,288 26 

Unpaid premium notes rec'd during the year . $42,673 88 

Interest and dividends received from all sources . . . 22,575 71 

Gross Cash Income $330,539 24 



Expenditures 

Cash paid for fire losses . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$76,439 86 
3,844 57 

$135,547 18 
6,912 53 



$72,595 29 



128,634 65 
17,501 58 
40,711 90 
13,556 00 
5,825 22 
18,997 84 

$297,822 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total . . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$14,458,156 00 
20,241,311 00 



$34,699,467 00 
17,789,038 00 

$16,910,429 00 
1,259,092 00 



Premiums. 

$164,645 87 
149,730 27 

$314,376 14 
133,619 70 

$180,756 44 
12,596 29 



$15,651,337 00 $168,160 15 



$1,360,828 00 
32,241,527 00 

$33,-602,355 00 
32,002,447 00 

$1,599,908 00 
64,235 00 



$54,850 11 
217,414 48 

(5272,264 59 
209,822 85 

$62,441 74 
3,979 12 



$1,535,673 00 $58,462 62 



Miscellaneous. 

Dividends declared during the year (4£ per cent) . 
Fire losses incurred during the year 
Company's stock owned by directors 



$18,000 00 
63,948 92 
45,150 00 



344 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
RELIEF FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated September, 1855. Commenced business Dec. 17, 1855.] 

Paid-up Capital, $200,000. 

J. H. Pinkney, President. Secretary, W. E. Crary. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

District of Columbia bonds 

Montgomery city bonds . 

Rahway city bonds . 

New York county bonds . 

Harlem and Port Chester Railroad bonds 



Par value. 

5140,000 00 

5,000 00 

9,500 00 

10,000 00 

10,000 00 

5,000 00 



Market value. 

$145,500 00 
4,412 50 
6,000 00 
5,000 00 
10,300 00 
5,400 00 



$179,500 00 $176,612 50 



Securities held as collateral for cash loans: 

66 shares Hanover Insurance Company . 

40 

37 

60 
180 

10 

40 

53 
100 

20 

50 

40 

30 



People's Insurance Company . 
Hanover Insurance Company . 
Safe Deposit Company . 
Broadway Insurance Company 
Greenwich Insurance Company 
United States Trust Company 
Exchange Insurance Company 
Glen's Falls Insurance Company 
Hanover Insurance Company . 
Hamilton Insurance Company 
Tradesmen's Insurance Company 
Niagara Insurance Company . 



Loaned thereon. 

$1,600 00 
1,850 00 



Market value. 

$5,280 00 
2,280 00 
2,960 00 
1,800 00 
6,350 00 

700 00 

12,000 00 

1,685 00 

1,800 00 

1,600 00 

900 00 )■ 5,000 00 
1,000 00 | 
1,875 00J 



2,950 00 

5,000 00 

300 00 

3,500 00 

1,300 00 



$40,230 00 $21,500 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $4,500 00 

Loans on mortgage of real estate (first liens*), 53,729 31 

Interest due or accrued thereon . . . 1,915 83 

Stocks, bonds, etc., as per schedule . . 176,612 50 

Loans on collateral security, as per schedule . 21,500 00 

Cash in the office of the company . . . 7,081 40 

Cash deposited in various banks . . . 6,624 28 

Interest due and accrued .... 3,184 17 

Premiums in course of collection (gross) . 8,115 57 
Office furniture, etc. . . . $1,959 42 

Gross Assets ...... 



$283,263 06 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$79,500 00 
60,000 00 
48,500 00 



1879.] INS. COS. OF OTHER STATES. 

Liabilities. 



345 



Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . . . 



$3,185 00 

37,350 03 

320 00 

1,025 00 



- $41,880 03 

. $211,383 03 
. 200,000 00 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $100,992 27 
Deduct re-insurance and return premiums . 16,217 58 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income ........ 



$41,383 03 



$84,774 69 

4,182 50 

10,559 15 

$99,516 34 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$64,412 17 
20,000 00 
10,142 20 
10,800 00 
5,921 60 
11,485 36 

$122,761 33 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$13,110,486 00 $78,868 77 
14,551,291 00 100,018 00 



Total ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



^27,661,777 00 $178,886 77 
15,293,505 00 104,759 77 



$12,368,272 00 $74,127 00 
104,816 00 902 67 



$12,263,456 00 $73,224 33 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
('ash dividends declared from organization 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year 
Company's stock owned by directors 
44 



[51,057,135 63 

1,837,172 23 

471,000 00 

20,000 00 

61,600 21 

48,600 00 



346 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



REPUBLIC FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 12, 1852. Commenced business April 13, 1852.] 

Paid-up Capital, $300,000. 

Robert S. Hone, President. Secretary, Duncan F. Curry. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds ..... 
312 shares National Bank of Commerce . 
1 share New York Produce Exchange 
Delaware and Hudson Canal Company bonds . 



Securities held as collateral for cash loans: 

100 shares National Bank of Commerce . 
200 ' ' New York Gas Company 



Par value. Market value. 

110,000 00 $119,775 00 

31,200 00 43,368 00 

200 00 300 00 

6,000 00 6,300 00 



$147,400 00 $169,743 00 



Market value. Loaned thereon. 

$13,900 00 
14,000 00 



| $19, 



000 00 



$27,900.00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 



$120,000 00 



Loans on mortgage of real estate (first liens*), 82,600 00 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Interest due or accrued on .scrip 
Dividends to stockholders unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards policy-holders . 

Paid-up Capital ....... 

Scrip outstanding, not ordered to be redeemed, 



325 24 

169,743 00 

„ 19,000 00 

971 07 

10,825 17 

1,281 34 

17,204 02 

1,416 00 



$2,313 81 

9,983 29 

5,000 00 

74,603 44 

57 60 

350 00 

1,935 88 



$300,000 00 
4,420 00 



$423,365 84 



94,244 02 

$329,121 82 



304,420 00 
Surplus over Capital and Scrip $24,701 82 

* Value of lands mortgaged . $145,500 00 

Value of buildings thereon 13,000 00 

Amount of insurance held as collateral . . . . 12,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



347 



Income. 
Cash received for fire premiums . . . $154,141 49 
Deduct re-insurance and return premiums . 27,093 25 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income .... 

Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest on borrowed money 

for incidentals 

Gross Cash Expenditures . 



$64,451 00 
6,307 77 



Risks and Premiums. 



$127,048 24 

5,692 00 

9,541 46 

14,496 17 

$156,777 87 



$58,143 23 

24,204 57 

223 80 

13,900 59 

25,794 19 

5,158 89 

460 89 

30,277 24 



$158,163 40 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$25,377,304 00 $142,716 38 
28,340,147 00 154,027 36 



$53,717,451 00 $296,743 74 
25,300,529 00 136,558 91 



$28,416,922 00 $160,184 83 
933,621 00 8,426 39 



$27,483,301 00 $151,758 44 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8£ per cent) . 
Fire losses incurred during the year . 
•Company's stock owned by directors . . . 



$5,501,513 21 

3,185,590 97 

539,589 35 

25,500 00 

63,003 63 

89,700 00 



348 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

ROCHESTER GERMAN INSURANCE COMPANY, ROCHES- 
TER, N.Y. 

[Incorpcxrated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

Frederick Cook, President. Secretary, Henry Norden. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds ..... $100,000 00 $103,156 25 
Rochester city bonds . 20,000 00 21,000 00 



$120,000 00 $124,156 25 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Gross Assets 



$3,482 99 

215,670 00 

5,444 43 

124,156 25 

6,057 00 

62,515 16 

208 33 

19,730 87 



$437,265 03 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



$4,000 00 

4,875 00 

1,400 00 

106,917 53 



117,192 53 



$320,072 50 
200,000 00 



$120,072 50 



Income. 

Cash received for fire premiums . . . $208,836 54 
Deduct re-insurance and return premiums . 27,172 95 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums . $29,820 22 
Deduct re-insurance and return premiums . 4,131 81 

Net cash rec'd for marine and inland prems. . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents, etc. ........ 



Gross Cash Income 



$181,663 59 



25,688 41 

14,079 91 

8,725 54 

252 50 

5230,409 95 



1879.] 



INS. COS. OF OTHER STATES. 



349 



Expenditures 

Cash paid for fire losses . 

Deduct salvage and re- insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . . / . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



,160 16 
244 00 



^23,992 88 
2,630 94 



,916 16 



21,361 94 
24,000 00 
35,052 56 
8,718 31 
5,345 73 
14,651 62 

$198,046 32 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Firejrisks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



,819,655 00 
21,461,959 00 

$40,281,614 00 
19,001,456 00 

$21,280,158 00 
92,616 00 



Premiums. 

$181,128 74 
208,836 54 

$389,965 28 
181,978 64 

$207,986 64 
1,072 76 



$21,187,542 00 $206,913 88 



$56,600 00 
8,165,916 00 

58,222,516 00 
8,144,641 00 



$582 75 
29,820 22 



,402 97 
29,755 47 



$77,875 00 $647 50 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (12 per cent) . 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 



$1,308,720 11 

590,161 ()D 

111,000 00 

24,000 00 

97,035 16 

23,992 88 



350 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



RUTGERS FIRE INSURANCE 'COMPANY OF THE CITY OF 

NEW YORK, N.Y. 

[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.] 

Paid-up Capital, $200,000. 

Edward B. Fellows, President. Secretary, J oseph W. Dugliss. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Forty-second and Grand Street R.R. bonds . $6,000 00 $6,900 00 
District of Columbia bonds .... 100,000 00 87,000 00 



$106,000 00 $93,900 00 



Securities held as collateral for cash loans: 

15 shares Seventh Ward Bank 
50 " Manhattan Fire Insurance Co. 
75 " Citizens' Fire Insurance Company 
36 " Niagara Fire Insurance Company 
160 " North River Fire Insurance Co. 



Summary of Assets Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Bonds, as per schedule ..... 
Loans on collateral security, as per schedule . 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued .<,... 
Premiums in course of collection (gross) . 
Premiums more than 3 months due, $1,376 39 
Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid . 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due for borrowed money 
Commissions and brokerage . . . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Market value. Loaned thereon. 



$1,350 00 
5,300 00 
2,900 00 
2,286 00 
4,400 00 

$16,236 00 

31, 1879. 

$108,750 00 

210,310 00 

2,433 85 

93,900 00 

8,800 00 

556 49 

2,443 18 

175 00 

1,584 88 



Surplus over Capital 



$4,293 86 
7,537 39 

36,587 79 

5,000 00 

200 00 



$1,000 00 
2,500 00 
1,000 00 
1,800 00 
2,500 00 

$8,800 00 



$428,953 40 



53,619 04 

$375,334 36 
200,000 00 

$175,334 36 



* Value of lauds mortgaged . $290,750 00 

Value of buildings thereon 274,550 00 

Amount of insurance held as collateral 203,550 00 



1879.] 



INS. COS. OF OTHER STATES. 



351 



Income. 

Cash received for fire premiums . . . $84,802 09 
Deduct re-insurance and return premiums . 8,301 61 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources . 

Income from rents ......... 



$76,500 48 

19,280 58 

4,085 05 

3,152 79 



Gross Cash Income $103,018 90 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$30,891 69 
40,000 00 
11,190 69 
17,432 48 
15,282 35 
7,125 13 

$121,922 34 



Risks and Premiums. 



Eire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$15,112,068 00 
16,647,098 00 



Premiums. 



,441 18 

84,802 09 



$31,759,166 00 $149,243 27 
17,773,889 00 76,516 72 



$13,985,277 00 
298,050 00 



$72,726 55 
1,543 86 



$13,687,227 00 $71,182 69 



Miscellaneous. 

Premiums received from organization of company. 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,143,812 24 
797,595 32 
764,000 00 
40,000 00 
42,497 94 
61,100 00 



352 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
SECURITY INSURANCE COMPANY, NEW HAVEN, CONN. 

[Incorporated 1841. Commenced business April, 1841.] 

Paid-up Capital, $200,000. 

Charles Peterson, President. Secretary, Herbert Mason. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$100,000 00 $103,675 00 
1,000 00 1,450 00 



United States bonds 

Tradesmen's Nat'l Bank stock, New Haven 
Second National Bank stock, New Haven 
Merchants' National Bank stock, New Haven 
New Haven County National Bank stock 
Yale National Bank stock, New Haven . 
New Haven National Bank stock 
American Exchange Nat'l Bank stock, N.Y. 
Commerce National Bank stock, New York 
New York, N. H., and H. R R. Co. stock 
Shore Line Railroad Company stock 
Chicago and Alton Railroad Company bonds 
]S T ew Haven and Northampton Railroad bonds, 
New Haven Water Company bonds 



11,200 00 
10,000 00 

6,000 00 
10,000 00 

7,900 00 
10,000 00 

5,000 00 
20,000 00 

6,100 00 
16,500 00 
15,000 00 
12,500 00 



16,128 00 
10,000 00 

7,200 00 
10,350 00 
11,692 00 
11,300 00 

6,550 00 
31,200 00 

7,625 00 
16,995 00 
14,850 00 
12,750 00 



$231,200 00 $261,765 00 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), $14,000 00 



Interest due or accrued thereon 


66 25 


Stocks and bonds, as per schedule . 


261,765 00 


Cash in the office of the company . 


220 80 


Cash deposited in various banks 


25,682 83 


Interest due and accrued ... 


55 55 


Premiums in course of collection (gross) 


27,936 75 


Notes taken for marine and inland risks 


2,780 21 


Salvage, etc. ...... 


3,246 11 


Gross Assets . ... 


$335,753 50 


Liabilities. 




Losses adjusted, unpaid .... 


$4,070 40 


claimed and reported 


23,432 57 


disputed or resisted 


1,633 12 


Total amount of losses 


$29,136 09 


Less re-insurance ...... 


782 98 


Net amount of unpaid losses . . . . 


$28,353 11 




$24,500 00 




12,000 00 


Amount of insurance held as collateral 


12,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



353 



Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



Surplus over Capital 



$91,147 22 
4,343 00 



$123,843 33 

$211,910 17 
200,000 00 

$11,910 17 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

ISIet cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes rec'd during the year . $2,780 21 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income ........ 



$150,778 07 
4,316 38 

$74,100 38 
3,406 07 



$146,461 69 



70,694 31 

975 00 
13,264 96 

$231,395 96 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 

Gross Cash Expenditures 



$124,183 10 
3,621 77 

$82,553 93 
9,147 22 



$120,561 33 



73,406 71 

8,000 00 

39,376 12 

21,939 75 

2,332 63 

$265,616 54 



Fire risks outstanding Dec. 31, 1878 
Fire risks written durinsr 1879 



Risks and Premiums. 

Premiums. 

$14,949,876 00 $175,125 53 
16,145,450 00 147,111 55 



Total . .-. 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
45 



$31,095,326 00 $322,237 08 
16,528,750 00 157,714 80 



$14,566,576 00 $164,522 28 
296,173 00 3,671 12 



$14,270,403 00 $160,851 16 



354 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



. $593,963 00 
14,946,848 00 

$15,540,811 00 
14,789,991 00 

. $750,820 00 
44,617 00 



$16,545 63 

71,275 82 



,821 45 

73,327 09 

$14,494 36 
1,011 64 



$706,203 00 $13,482 72 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (4 per cent) . 
Fire losses incurred during the year . . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$2,481,229 46 

1,747,445 19 

272,281 00 

8,000 00 

124,738 07 

74,724 48 

30,350 00 



STANDARD FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March 26, 1859. Commenced business March 29, 1859.] 

Paid-up Capital, $200,000. 

William M. St. John, President. Secretary, Robert H. Myers. 

Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
United States bonds 
Cash in the office of the company . 
Cash deposited in Union Trust Company 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



Liabilities. 



Losses claimed and reported 
Losses disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 



$10,668 12 

46,250 00 

513 33 

352,050 00 

351 44 

9,014 39 

101 78 

7,999 84 



f|426,948 90 



$10,587 97 
754 75 

$11,342 72 

757 00 

$10,585 72 



* Value of lands mortgaged . $49,030 00 

Value of buildings thereon 51,900 00 

Amount of insurance held as collateral .... 46,400 00 

f Including $78,000 special reserve fund, held under New : York law. 



1879.] 



INS. COS. OF OTHER STATES. 



355 



Unearned premiums on outstanding risks 
Due and accrued for rents, salaries, etc 
State and local taxes 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



144,855 19 

604 57 

32 73 

1,066 84 

712 92 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $91,138 65 
Deduct re-insurance and return premiums . 7,413 23 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



$57,857 97 

$369,090 93 
200,000 00 

$169,090 93 



Gross Cash Income . 

Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures . . . . 



,448 39 
2,372 31 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force 



^12,468,383 00 
15,461,970 00 



$83,725 42 

2,953 54 

18,476 78 

713 95 

$105,869 69 



,076 08 
19,930 50 
11,216 45 

12,878 96 

2,880 22 

10,698 35 

$93,680 56 



Premiums. 

^85,000 03 
91,171 61 



$27,930,353 00 $176,171 64 
14,476,606 00 83,733 20 



$13,453,747 00 
562,848 00 



592,438 44 
1,676 72 



$12,890,899 00 $90,761 72 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year . 
Company's slock owned by directors •-. . 



$2,214,906 12 

1,277,018 62 

433,180 00 

19,460 00 

i 1,638 75 

53,300 00 



356 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



STANDARD FIRE INSURANCE COMPANY OF NEW JERSEY 

AT TRENTON, N.J. 

[Incorporated Feb. 22, 1868. Commenced business Feb. 22, 1869.] 

Paid-up Capital, $200,000. 

William Dolton, President. Secretary, Joseph B. Weight. 



Detailed Statement of Stocks, 



United States bonds . 
Albany and Susquehanna Railroad bonds 
New York and Erie Railroad bonds 
Central Pacific Railroad bonds 
United New Jersey Railroad stock 
Trenton Banking Company stock 
First National Bank stock 
Mechanics' National Bank stock 



Securities held as collateral for cash loans: — 

Washington Market Association stock 
First National Bank stock (Trenton) 
Rutherford Land Association stock . 
Seventh Ward Land Association stock . 
Farmers' National Bank stock (Bristol, Penn.), 



Bonds, Etc. 

Par value. 

$6,000 00 
1,000 00 
6,000 00 
5,000 00 

15,000 00 
7,200 00 
3,700 00 
5,000 00 



Market value. 

$7,350 00 

1,125 00 

7,200 00 

5,500 00 

23,062 50 

7,200 00 

4,995 00 

6,800 00 



$48,900 00 $63,232 50 



Market value. 

$1,040 00 
6,750 00 
7,200 00 
2,250 00 
6,000 00 



Loaned thereon. 

$500 00 
4,000 00 
4,000 00 
2,000 00 
1,500 00 



$3,240 00 $12,000 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Mechanics' National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets . . . . . 



$29,027 93 

123,954 00 

3,416 09 

63,232 50 

12,000 00 

4,787 90 

12,277 80 

2,348 50 

42,694 52 

305 00 



$294,044 24 



Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 



Liabilities. 



$8,203 65 

6,050 00 

500 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$122,250 00 

151,200 00 

85,150 00 



1879.] 



INS. COS. OF OTHER STATES. 



357 



Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital . . . - . 



Surplus over Capital 



$61,536 49 
9,325 90 



,616 04 



. $205,428 20 
. 200,000 00 



$5,428 20 



Income. 

Cash received for fire premiums . . . $156,193 99 
Deduct re-insurance and return premiums . 15,877 15 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 



$140,316 84 

10,966 00 

4,289 88 

372 00 

$155,944 72 



Expenditures. 

Cash paid for fire losses $116,674 70 

Deduct salvage and re-insurance . . . 2,028 77 

Net cash paid for fire losses . . . ' 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$9,409,480 00 
11,209,388 00 

$20, 6 IS, 868 00 
11,310,213 00 

$9,308,655 00 
202,921 00 



$114,645 93 

10,000 00 

31,841 95 

5,476 00 

3,445 34 

8,323 72 

$173,732 94 

Premiums. 

$150,044 27 
164,158 51 

$314,202 78 
174,736 46 

$139,466 32 
10,445 53 



$9,105,734 00 $129,020 79 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire, losses incurred during the year . . . . 

Company's stock owned by directors . 



$875,196 62 

534,175 42 

57,000 00 

10,000 00 

113,664 35 

120,350 00 



358 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
STAR FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Dec. 2, 1864. Commenced business Dec. 2, 1864.] 

Paid-up Capital, $300,000 * 

Nicholas C. Miller, President. Secretary, James M. Hodges. 



Detailed Statement of Stocks, 

United States bonds ..... 
50 shares Nassau Bank ..... 
25 " German American Bank . 

Securities held as collateral for cash loans : — 



11 shares Shoe and Leather Bank . 
50 k< North River Bank . 

6 " Park Fire Insurance Company 
Richmond county bonds . 
Hoboken bounty bonds . 
60 shares American Insurance Company 
10 " Importers' and Traders' Company 
20 " Citizens' Company . 
Citizens' Insurance Company scrip . 

25 shares Firemen's Fund Insurance Co. 

40 " Manufacturers' and Merchants' B'k 

20 " Rutgers Fire Insurance Company 

25 " Lamar Insurance Company 
300 " Westchester Insurance Company 

60 " Central Railroad of New Jersey 
Central Railroad of New Jersey bonds . 
14 shares New York and New Haven R.R. 

5 " New Jersey R.R. and Transfer Co. 
45 " German American Bank . 
22 " Washington Life Insurance Co. 



Bonds, Etc. 

Par value. Market value. 

,000 00 $311,537 50 
5,000 00 4,500 00 
1,875 00 1,687 50 



$306,875 00 $317,725 00 



Loaned thereon . 

$1,100 00 



1,800 00 
800 00 



Market value. 

$1,320 00 
1,350 00 

660 00 

525 00 

525 00 
3,900 00 

505 00 

800 00 

200 00 \ 6,000 00 

150 00 ' 

500 00 

850 00 
2,500 00 
3,000 00 
4,800 00 
3,600 00 | 
1,960 00 \ 9,700 00 

725 00 | 
3,038 00J 
1,210 00 1,000 00 



2,000 00 
1,500 00 



1 



$32,118 00 $23,900 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens f ), 

Interest due or accrued thereon 

Stocks and bonds, as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 



$45,500 00 

154,325 00 

2,286 83 

317,725 00 

23,900 00 

10,906 38 

2,860 63 



* Since increased to $500,Q0Q. 
f Value of lands mortgaged ..... 
Value of buildings thereon , , , , , 



$214,500 00 
181,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



359 



Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Gross Assets . . . . 



$694 75 

25,242 06 

2,069 75 



- $585,510 40 



Liabilities. 

Losses adjusted, unpaid 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital 



$14,572 00 

15,000 00 

1,500 00 

128,646 98 

2,500 00 

1,500 00 

200 00 



163,918 98 



. $421,591 42 
. 300,000 00 



Surplus over Capital 



. $121,591 42 



Income. 

Cash received for fire premiums . . . $268,398 58 
Deduct re-insurance and return premiums . 42,136 88 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



$226,261 70 

4,231 85 

11,819 34 

15,903 17 

1,518 87 



Gross Cash Income $259,734 93 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$143,106 26 
5,187 75 



$137,918 51 

224 01 

36,000 00 

9,103 47 

27,188 49 

7,532 10 

57,582 57 



$275,549 15 



360 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1878* 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

27,073,994 00 $197,345 40 
36,028,759 00 238,375 88 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1879 . 
Deduct risks expired and terminated 

In force at end of year 



$63,102,753 00 $435,721 28 

28,958,551 00 179,783 06 



$34,144,202 00 $255,938 22 
1,013,494 00 9,163 82 



13,130,708 00 $246,774 40 



$212,524 00 
94,274 00 



56,656 62 
2,546 60 



$118,250 00 $4,110 02 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (12 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



52,351,145 79 

1,262,969 61 

305,791 77 

36,000 00 

149,457 00 

224 00 

81,500 00 



STERLING FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated January, 1864. Commenced business January, 1864.] 

Paid-up Capital, $200,000. 

Andrew L. Soulard, PresH. Sec'y, John K. Van Rensselaer. 

Summary of Assets Dec. 31, 1879. 
United States bonds ..... $258,292 50 



Cash in the office of the company 
Cash deposited in various hanks 
Premiums in course of collection (g 
Gross Assets . . ■ . 



oss) 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted ■ . 
Unearned premiums on outstanding risks 
Due and accrued for rents, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders , 
Paid-up Capital .... 



Surplus over Capital 



1,730 59 
9,077 50 
4,932 99 



$5,948 88 
2,500 00 

35,196 99 

833 34 

1,031 44 



$274,033 58 



45,513 65 

^228,519 93 
200,000 00 



,519 93 



1879.] 



INS. COS. OF OTHER STATES. 



361 



Income. 

Cash received for fire premiums 

Deduct -re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Interest and dividends received from all sources 

Gross Cash Income ..... 



,239 68 
4,310 96 



$64,928 72 
1,423 75 

12,872 80 

$79,225 27 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



Risks and Premiums. 



$23,042 95 
310 67 



Eire risks outstanding Dec. 31, 1878 
Eire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . . '. 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



,18,054,104 00 
15,078,839 00 

$23,132,943 00 
11,298,446 00 

$11,834,497 00 
274,375 00 

$11,560,122 00 



$12,750 00 
43,250 00 

$56,000 00 
19,750 00 

$30,250 00 



$22,732 28 

705 83 

17,000 00 

5,641 11 

15,050 00 

233 51 

16,720 81 

$78,083 54 



Premiums. 

$42,013 10 
66,941 53 

$108,954 63 
44,113 40 

$64,841 23 
2,036 05 

$62,805 18 

$437 50 
1,423 75 

$1,861 25 
637 60 

$1,223 65 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (8£ per cent) . 

Fire losses incurred during the year . 

Murine and inland losses incurred during the year 

Company's stock owned by directors 

46 



$944,205 49 

387,468 53 

247,000 00 

17,000 00 

28,381 16 

705 83 

70,800 00 



362 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
ST. NICHOLAS INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated July 31, 1852. Commenced business July 31, 1852.] 

Paid-up Capital, $200,000. 

William Winslow, President. Secretary, Jacob Du Bois. 

j 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 1184,000 00 $191,480 00 

New York city bonds . .' . .' 8,700 00 9,222 00 



$192,700 00 $200,702 00 



Securities held as collateral for cash loans : — 



United States bonds 



Market value. Loaned thereon. 

$464 62 $400 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $7 300 00 

Loans on mortgage of real estate (first liens*), 56,315 61 

Interest due or accrued thereon . . . 1,565 35 

Bonds, as per schedule 200,702 00 

Loans on collateral security, as per schedule . 400 00 

Cash in the office of the company . . . 486 21 

Cash deposited in various banks . . . 6,614 39 

Interest due and accrued .... 6 53 

Premiums in course of collection (net) . . 13,588 94 

Re-insurance due 4,548 27 

Gross Assets . . . . • . . 



$291,527 30 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$12,553 00 

1,800 00 

65,866 21 

466 66 



80,685 87 



. $210,841 43 
. 200,000 00 



$10,841 43 



* Value of lands mortgaged $72,700 00 

Value of buildings thereon 45,500 00 

Amount of insurance held as collateral 42,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



363 



Income. 

Cash received for fire premiums . . . $153,467 56 
Deduct re-insurance and return premiums . 10,886 40 

Net cash received for fire premiums . . $142,581 16 

Interest received on bonds and mortgages .... 3,790 00 

Interest and dividends received from all other sources . . 11,526 03 

Gross Cash Income $157,897 19 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$79,708 70 
20,000 00 
31,624 10 
12,935 00 
3,430 15 
11,831 29 

$159,529 24 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$15,948,686 00 $104,355 86 
17,612,721 00 153,467 56 



Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$33,561,407 00 $257,823 42 
16,958,705 00 129,939 54 



$16,602,702 00 $127,883 88 
20,750 00 182 90 



$16,581,952 00 $127,700 98 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,609,854 41 

1,477,535 01 

274,500 00 

20,000 00 

77,808 70 

102,275 00 



364 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $400,000. 

C. H. Bigelow, President. Secretary, C. A. Eaton. 



Detailed Statement of Stocks, Bonds, Etc 

Par value. 

United States bonds $50,000 00 

270 shares First National Bank, St. Paul . 27,000 00 

120 " Merchants' Nat '1 Bank, St. Paul . 12,000 00 
30 " First National Bank, St. Peter . 3,000 00 

92 " St. Paul and S. C. Railroad . . 13,988 75 

St. Paul, S., and T. F. Railroad Co. bonds . 19,500 00 

251 shares St. Paul Warehouse and Elev'r Co. 12,700 00 
St. Paul Warehouse and Elevator Co. bonds . 8,000 00 

Minneapolis city bonds 1,500 00 

Stillwater city bonds 10,000 00 

Mankato city bonds ..... 8,500 00 

Detroit town bonds . . . . . 5,499 00 

Vernon Centre town bonds . . . . 7,500 00 

Jo Davies town bonds 5,500 00 

Elmore town bonds . . . . . 6,500 00 

Garden City town bonds .... 7,000 00 

Winnebago City town bonds .... 15,000 00 

Pilot Grove town bonds 5,000 00 

Oakwood town bonds 7,500 00 

Blue Earth City town bonds . . '. . . 36,000 00 

Pine county bonds 7,757 00 

Rock county bonds 24,000 00 

Cass county bonds 7,400 00 

Ramsey county bonds 1,000 00 

Aitken county bonds ..... 3,200 00 

Becker county bonds 2,360 00 

Yellow Medicine county bonds . . . 1,045 23 
Otter Tail school district bonds . . . 388 49 



Market value. 

$52,250 00 

37,800 00 

13,540 00 

3,450 00 

10,688 75 

19,500 00 

12,700 00 

8,000 00 

1,650 00 

11,000 00 

8,500 00 

6,048 90 

7,500 00 

5,500 00 

6,500 00 

7,000 00 

15,000 00 

5,000 00 

7,500 00 

36,000 00 

8,532 70 

27,600 00 

8,140 00 

1,100 00 

3,520 00 

2,360 00 

1,045 23 

388 49 



$308,838 47 $327,814 07 



Securities held as collateral for cash loans 

250 shares First National Bank, St. Paul 

75 " Second National Bank, St. Paul 

160 " Merchants' Nat'l Bank, St. Paul 

37£ " Savings Bank, St. Paul . 

45 " First National Bank, Red Wing 

30 " First National Bank, Stillwater 

50 " Lumberman's Nat'l B'k, Stillwater, 

15 " State Bank, Minneapolis 



Market value. 

,$35,000 00 
13,500 00 
17,250 00 
3,750 00 
5,625 00 
3,750 00 
6,250 00 
1,500 00 



Loaned thereon. 

$20,000 00 

9,000 00 

11,000 00 

3,000 00 

3,535 00 

3,000 00 

5,000 00 

1,331 27 



1879.] 



INS. COS. OF OTHER STATES. 



365 



1,538 shares St. Paul and S. C. R.R. Co.'s land, 
1,771 " St. Paul Harvester Works . 
98 " St. Paul Manufacturing Co. 
500 " Pioneer Press Company 
50 " Seymour, Sabin, & Co. Mfg. Co. 
100 " Stillwater Gas-Light Company . 
125 " Rock County Farming Company . 
Cass county bonds ...... 



Summary of Assets Dec. 31, 1879. 



$74,320 00 

48,944 40 

1,792 00 

10,375 00 

1,064 00 

1,500 00 

8,611 44 

1,500 00 

293,492 50 $203,973 11 



$92,280 00 
66,412 50 

3,675 00 
25,000 00 

2,500 00 

2,500 00 
12,500 00 

2,000 00 



Cash value of unencumbered real estate 



$115,275 46 



Loans on mortgage of real estate (first liens*), 55,903 72 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued .... 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Rents due and accrued .... 
Gross Assets . . . 

Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 

Surplus over Capital 

Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland prems. 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. 



2,003 56 

327,814 07 

203,973 11 

5,635 94 

81,362 86 

10,637 10 

48,054 04 

6,380 41 

641 21 



f$857,681 48 



$27,676 81 
7,250 00 

251,007 57 
5,372 09 



291,306 47 

$566,375 01 
400,000 00 

$166,375 01 



$457,488 63 
56,292 30 

$107,392 11 
9,062 18 



$401,196 33 



97,729 93 



* Value of lands mortgaged $48,180 00 

Value of buildings thereon 77,500 00 

Amount of insurance held as collateral 53,200 00 

t The company holds, also, instalment premium notes to the amounl of $168,867.20, 
which do noi. enter into nor Conn any pari of the assets of the company, ;i* no portion of 
them is earned. Whatever value might he attached to them would necessarily be counter- 
balanced by the addition of an exactly equal amounl to Hie re-insurance liability, the < ntire 
sum consisting of " unearned premiums." 



366 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unpaid premium notes rec'd during the year . $6,380 41 
Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents . . . . . .... 

Gross Cash Income . 



^5,110 12 
50,030 29 

5,858 85 

$559,925 52 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . . 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . . . 

Gross Cash Expenditures . ' . 



$296,796 52 
9,446 39 

$102,574 73 
16,629 44 



$287,350 13 



85,945 29 
40,000 00 
81,183 56 
25,213 00 
12,081 81 
25,502 02 

$557,275 81 



Bisks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total 
Deduct risks expired and terminated 

In force at end of year 



$36,820,277 00 
34,230,234 00 

$71,050,511 00 
31,467,083 00 

$39,583,428 00 
931,269 00 



Premiums. 

$483,714 97 
457,488 63 

$941,203 60 
431,913 33 

$509,290 27 
16,289 54 



$38,652,159 00 $493,000 73 



$292,766 00 
19,511,827 00 



$19,804,593 00 
19,508,611 00 



$5,136 28 
107,392 11 

$112,528 39 
104,242 58 



$295,982 00 $8,285 81 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . ... 
Marine and inland losses incurred during the year. 
Company's stock owned by directors 



$4,320,757 11 

2,857,956 65 

446,696 47 

40,000 00 

289,548 60 

83,840 74 

195,000 00 



1879.] 



INS. COS. OF OTHER STATES. 



367 



TOLEDO FIRE AND MARINE INSURANCE COMPANY, 

TOLEDO, O. 

[Incorporated Feb. 2, 1848. Commenced business April 1, 1848.] 

Paid-up Capital, $200,000. 

Valentine H. Ketcham, President. Secretary, Fredk. B. Dodge. 



Detailed Statement op Stocks, Bonds, Etc. 

Par value. Market value. 

86 shares First National Bank, Toledo . . $8,600 00 $12,040 00 
Noble county (Ind.) school bonds . . . 2,000 00 2,000 00 



$10,600 00 $14,040 00 



Securities held as collateral for cash loans: 

Wabash Elevator Company stock . 
Toledo Gas-Light and Coke Company stock 
Masonic Temple Association stock . 
Milburn Wagon Company stock 
Merchants' National Bank stock 
Toledo Savings Bank stock 



Summary op Assets Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in First National Bank . 
Interest due and accrued . . . 

Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Re-insurance and salvage . 

Gross Assets ..... 



Market value. 

$46,000 00 
2,000 00 
3,000 00 
3,100 00 
1,650 00 
1,120 00 



Loaned thereon. 

$17,050 00 
1,650 00 
1,863 65 
2,500 00 
1,000 00 
800 00 



$56,870 00 $24,863 65 


31, 1879. 




$33,164 86 


77,300 


00 


4,644 


66 


14,040 


00 


24,863 


65 


1,051 


20 


71,610 


19 


1,715 


15 


8,586 


68 


5,179 


08 


3,914 


75 




&o4fi n7n oo 



Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 



Liabilities. 



$500 00 

6,500 00 

100 00 



* Value of lands mortgaged $127,000 00 

Value of buildings thereon 7-">,ooo oo 

Amount of Insurance held as collateral .... 32,7. r )0 oo 



368 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks 
Commissions and brokerage . . . ' 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$29,729 84 
2,700 00 



- $39,529 84 

. $206,540 38 
. 200,000 00 



$6,540 38 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland prems. 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. 
Unpaid premium notes rec'd during the year . $5,179 08 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources 

Gross Cash Income ...... 



$65,922 30 
9,344 73 

$43,589 10 
15,622 57 



556,577 57 



27,966 53 

2,724 00 
4,243 48 



11,511 58 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage. 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$51,959 73 
258 18 

$24,374 43 
10,854 99 



$54,701 55 



13,519 44 
8,000 00 

14,076 72 
3,074 00 
1,899 74 
4,937 90 

.00,209 35 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$4,440,708 00 $64,545 14 
. 4,824,324 00 65,803 11 



Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$9,265,032 00 $130,348 25 
. 5,273,341 00 75,297 38 



1,991,691 00 $55,050 87 
83,016 00 1,272 49 



Net amount in force 



53,908,675 00 $53,778 38 



1879.] 



INS. COS. OF OTHER STATES. 



369 



Inland risks outstanding Dec. 31, 1878 
Inland risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



176,933 00 
5,593,700 00 



$3,979 44 
44,362 43 



^5,670,633 00 $48,341 87 
5,597,100 00 43,824 89 



$73,533 00 $4,516 98 



Miscellaneous. 

Cash dividends declared from organization of company 
Dividends declared during the year (4 per cent) 
Fire losses incurred during the year . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$250,664 95 

8,000 00 

58,382 27 

13,628 71 

115,500 00 



TRADE INSURANCE COMPANY, CAMDEN, N.J. 

[Incorporated March 21, 1872. Commenced business July 1, 1873.] 
Paid-up Capital, $200,000. 

David L. Taylor, President. Secretary, Edmund May. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 4s . 
Camden and Atlantic R.R. mortgage bonds 
Camden Board of Education bonds 
Delaware Transportation Company stock 
New Jersey Mining Company stock 
Camden city warrants .... 



Securities held as collateral for cash loans: 

11 shares Eighth Nat'l Bank, Philadelphia 
100 " West Jersey Railroad 
100 " Camden Trust Company 
Philadelphia city bonds . 

10 shares Camden Trust Company 

10 
100 

40 

69 
125 

25 
175 
115 



Millville National Bank . 
Camden Trust Company 
Pennsylvania Railroad . 
Millville National Bank . 
American Dredging Company 
Trade Insurance Company 
American Dredging Company 
Trade Insurance Company 



) 



Par value. 

$40,000 00 

2,000 00 

3,000 00 

2,000 00 

845 00 

372 11 



Market value. 

$41,200 00 

2,000 00 

3,000 00 

2,000 00 

845 00 

372 11 



$48,217 11 $49,417 11 



Market value. Loaned thereon. 



$1,540 00 
3,500 00 
3,000 00 
2,875 00 
300 00 | 
750 00 \ 
3,000 00^ 
• 2,040 00 C 
5,175 00) 

5,000 00 
7,000 00 



1*1,100 00 
2,500 00 
2,000 00 
2,500 00 

500 00 



5,598 00 

4,000 00 
5,750 00 



$34,180 00 $23,948 00 



47 



370 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), $123,133 33 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Camden Trust Co. Bank 
Interest due and accrued . . . 

Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Salvage on losses paid 
Gross Assets ... 

Liabilities 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Peclaimable on perpetual fire polices 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Deposits received for perpetual fire risks 

Gross Cash Income . . . . 



4,495 78 

49,417 11 

23,948 00 

643 03 

7,590 10 

1,331 17 

12,071 56 

7,490 81 

3,000 00 



81,111 18 
1,000 00 
1,350 00 

20,740 30 

1,127 70 

432 00 

1,000 00 

2,292 37 



$233,120 89 



29,053 55 

$204,067 34 
200,000 00 

$4,067 34 



. $78,183 80 




30,255 01 






$47,928 79 




. $16,390 97 




1,621 46 






14,769 51 




$7,490 81 




. 


4,163 75 


sources . 


4,799 67 


$110 00 




. . . . 


$71,661 72 



Expenditures. 

Cash paid for fire losses $72,266 54 

Deduct salvage and re-insurance . . . 551 04 

Net cash paid for fire losses .... $71,715 50 

* Value of lands mortgaged - $93,050 00 

Value of buildings thereon 216,000 00 

Amount of insurance held as collateral ... . . 97,560 00 



1879.] 



INS. COS. OF OTHER STATES. 



371 



Cash paid for marine and inland losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals ... 

Gross Cash Expenditures .... 



119,460 67 

57 00 

11,992 02 

4,050 01 

2,262 61 

3,962 07 

. 8113,499 88 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

$4 ; 
. 7,401,836 00 72,238 49 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



Premiums. 

,837,601 00 $83,892 66 



12,239,437 00 $156,131 15 
8,529,710 00 112,205 96 



$3,709,727 00 $43,925 19 
. 1,037,530 00 13,629 43 



$2,672,197 00 $30,295 76 

. $173,469 00 $6,647 64 
. 527,096 00 14,250 39 



$700,565 00 $20,898 03 
562,928 00 15,172 84 



$137,637 00 $5,725 19 
3,800 00 282 00 



$133,837 00 $5,443 19 
$55,100 00 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 



$624,346 60 
429,715 84 
66,310 00 
60,508 62 
20,616 09 
86,200 00 



372 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



TRADERS' INSURANCE COMPANY, CHICAGO, ILL. 

[Incorporated February, 1865. Re-organized May, 1872.] 

Paid-up Capital, $500,000. 

Charles Comstock, President. Secretary, R. J. Smith. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . 
Cook county bonds . . . 
Evanston water bonds .... 
Chicago city bonds ..... 
Chicago and North- Western Railroad bonds 
Chicago City Railroad stock . 

Securities held as collateral for cash loans : 

750 shares Chicago City Railroad . 

West Chicago town bonds 

Warehouse receipts .... 



Summary of Assets Dec. 
Cash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in Corn Exchange Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Re-insurance due . . . 
Gross Assets . . 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . . 

disputed or resisted 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Due for re-insurance .... 

Miscellaneous ...... 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital 



Par value. 

$275,000 00 
52,500 00 
20,000 00 
13,000 00 
10,000 00 
40,000 00 



Market value. 

$283,593 75 
57,555 00 
21,750 00 
14,790 00 
11,375 00 
72,000 00 



$410,500 00 $461,063 75 

Market value. Loaned thereon. 

$138,750 00 $125,000 00 
82,950 00 75,000 00 
56,281 12 45,000 00 



Surplus over Capital 



$277,981 12 $245,000 00 

31, 1879. 

$12,195 98 

461,063 75 

245,000 00 

2,497 14 

77,871 58 

612 50 

32,126 56 

21,815 60 

$853,183 11 



$5,182 07 

41,669 50 

4,471 10 

$51,322 67 
1,353 83 

$49,968*84 

140,506 76 

5,114 62 

209 52 

25,906 56 



221,766 30 

$631,416 81 
500,000 00 

$131,416 81 



1879.] 



INS. COS. OF OTHER STATES. 



373 



Income. 

Cash, received for fire premiums . . 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland premiums 
Interest and dividends received from all sources 
Income from commissions .... 

Gross Cash Income ..... 



$352,165 69 
96,354 41 



$255,811 28 
17,016 2.9 
41,676 22 
25,744 73 

$340,248 52 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$178,326 35 
22,237 85 

$10,303 43 
1,661 58 



$156,088 5a 



8,641 85 
42,500 00 
51,651 12 
24,515 26 

6,961 52 
20,279 62 

$310,637 87 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1879 . 
Deduct risks expired and terminated 



$17,552,430 00 
32,055,290 00 

$49,607,720 00 
30,067,200 00 

$19,540,520 00 
963,034 00 



Premiums. 

$263,159 52 
362,154 99 

$625,314 51 
331,5/3 88 

$293,740 63 
12,616 42 



$18,577,486 00 $281,124 21 



p8, 989,060 00 
8,989,060 00 



$20,435 40 
20,435 40 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (8| per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$2,635,197 07 

1,442,775 94 

377,500 00 

42,500 00 

192,256 46 

9,741 85 

97,800 00 



374 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



TRADESMEN'S FIRE INSURANCE COMPANY, 
NEW YORK, N.Y. 

[Incorporated Oct. 6, 1858. Commenced business Dec. 28, 1858.] 

Paid-up Capital, $300,000. 

D. B. Keeler, President. Secretary, T. Y. Brown. 



Detailed Statement of Stocks, Bonds, Etc. 



Mechanics' and Traders' National Bank stock, 
National Bank of Commerce stock . 
American Exchange National Bank stock 
United States bonds 



Par value. 

15,750 00 

10,000 00 

10,000 00 

355,000 00 



Market value. 

$5,750 00 

13,500 00 

11,500 00 

376,280 00 



$380,750 00 $407,030 00 



Securities held as collateral for cash loans : — 

33 shares Mechanics' and Traders' Nat'l Bank, 
95 " Mechanics' Bank .... 



Market value. Loaned thereon. 

$825 00 > 
3,325 00 > 



$4,150 00 



Summary of Assets Dec. 31, 1879. 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks and bonds, as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Premiums more than 3 months due, $1,507 99 
Gross Assets 



i,500 00 

1,453 75 

407,030 00 

4,150 00 

2,465 22 

7,786 60 

175 00 

20,603 42 

133 33 



$509,297 32 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses 

Unearned premiums on outstanding risks 

Dividends to stockholders unpaid . 



$7,623 00 

11,855 00 

1,000 00 



20,478 00 
3,267 00 

$17,211 00 

85,738 57 

30 00 



* Value of lands mortgaged $93,500 00 

Value of buildings thereon 95,000 00 

Amount of insurance held as collateral , , , , 87,500 00 



1879.] 



INS. COS. OF OTHER STATES. 



375 



$583 


50 




200 


00 




368 


60 




710 


69 


$104,842 36 







Due and accrued for rent, salaries, etc. . 
Commissions and brokerage 
Return premiums ..... 
Re-insurance premiums .... 
Gross Liabilities, except Capital 



Surplus as regards policy-holders . . .... $404,454 96 

Paid-up Capital 300,000 00 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 



Received for increased capital 
Gross Cash Income . 



. . 


$104,454 96 


$182,049 57 




16,703 99 






$165,345 58 


$5,337 21 




358 72 






4,978 49 




. 


5,185 25 


sources . 


21,322 11 




600 00 


$100,000 00 





$197,431 43 



Expenditures 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$70,991 44 
3,219 97 



$67,771 47 
2,814 42 
22,470 00 
29,252 56 
23,743 34 
4,385 47 
17,091 27 

$167,528 53 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$15,383,204 00 $97,942 79 
22,649,001 00 172,095 30 



$38,032,205 00 $270,038 09 
17,080,506 00 100,464 32 



$20,951,699 00 $169,573 77 
780,367 00 -1,130 80 



$20,171,332 00 $105,442 97 



376 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1878 . 
Marine risks written during 1879 . • 

Total 

Deduct risks expired and terminated 

In force at end of year 



$55,000 00 
154,000 00 



209,000 00 
67,500 00 



$3,015 00 
5,337 21 

$8,352 21 
3,915 00 



$141,500 00 $4,437 21 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year 
Marine and inland losses incurred during the year 
Company's stock owned by directors . . . . 



52,788,725 88 

1,681,007 56 

351,000 00 

22,470 00 

80,386 88 

2,814 42 

62,900 00 



UNION INSURANCE COMPANY, PHILADELPHIA, PENN. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Patd-up Capital, $500,000. 

Richard S. Smith, President. Secretary, John B. Craven. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Camden and Amboy R.R. coupon bonds, 6s . $11,200 00 $12,432 00 

Chesapeake and Delaware Canal reg. bonds, 6s, 14,610 00 11,688 00 

Pennsylvania R.R. 1st mort. coupon bonds, 6s, 1,000 00 1,017 50 

Schuylkill Navigation Co. registered bonds, 6s, 10,000 00 8,300 00 

Philadelphia and Erie R.R. coupon bonds, 6s . 10,000 00 10,400 00 

Pennsylvania Canal Co. coupon bonds, 6s . 15,000 00 12,300 00 

North Pennsylvania Railroad coupon bonds . 14,500 00 15,965 00 

Pittsburg water loan coupon bonds, 7s . . 10,000 00 11,700 00 

Philadelphia and Reading R.R. reg. bonds, 6s, 5,000 00 5,750 00 

Lehigh Valley Railroad registered bonds, 6s . 5,000 00 5,650 00 

American Steamship Co. coupon bonds, 6s . 5,000 00 5,050 00 

United States bonds 10,000 00 10,650 00 

Susquehanna Coal Company coupon bonds, 6s, 10,000 00 10,100 00 

Pittsburg Avenue bonds 33,900 00 36,273 00 

Baltimore, Ohio, and Parkersburg R.R. bonds, 25,000 00 27,000 00 

Steubenville and Indiana Railroad bonds . 10,000 00 10,300 00 

New Jersey Central Car Trust bonds . . 10,000 00 10,150 00 

Philadelphia and Reading Railroad bonds . 25,000 00 26,500 00 

100 shares Little Schuylkill Railroad . . 5,000 00 5,100 00 

134 tk Pennsylvania Railroad . . . 6,700 00 6,834 00 

136 " North Pennsylvania Railroad . 6,800 00 6,936 00 

48 « Delaware Railroad . , . 1,200 00 1,248 00 



1879.] 



INS. COS. OF OTHER STATES. 



377 



106 shares Pennsylvania Canal Company 
68 " Philadelphia National Bank . 
88 " Farmers' and Mechanics' Nat'l B'k, 
88 " Delaware Mutual Safety Ins. Co. . 
20 " Philadelphia and So. Mail S.S. Co. 

525 ' ' Harrisburg, P. , M. J. , and Lan. R.R. 



$5,300 00 
6,800 00 
8,800 00 
2,200 00 
5,000 00 

26,250 00 



$742 00 

11,696 00 

10,648 00 

3,432 00 

200 00 

29,400 00 



$289,260 00 $307,461 50 



Securities held as collateral for cash loans: — 

Northern Central Railroad bonds . 

28 shares Conshohocken Stone Company 

130 " National Car Company 

200 " Fidelity Ins., T., and S. D. Co. 
2,000 " Colorado Central Imp. Co. . 
United States bonds .... 

Philadelphia city bonds . 

100 shares Catawissa preferred 

Ground rent ...... 

2,400 shares Pennsylvania Railroad 

400 " Pennsylvania Railroad 
North Pensylvania Railroad bonds . 
1,000 shares Lehigh Valley Railroad 

200 " Pennsylvania Railroad 
20 " Northern Central Railroad . 



Market value. 

$5,300 00 

700 00 

8,450 00 

30,200 00 

1,200 00 

1,081 50 

590 00 

4,900 00 

75,000 00 

122,400 00 

22,720 00 

63,200 00 
700 00 



Loaned thereon. 

$3,600 00 

2,500 00 

25,500 00 

1,000 00 

850 00 

350 00 

3,200 00 

5,000 00 

107,500 00 

20,000 00 

50,000 00 
375 00 



$336,441 50 $219,875 00 



Summary of Assets Dec. 31, 1879. 

Loans on mortgage of real estate (first liens*), $35,500 00 

Stocks, bonds, etc., as per schedule . . 307,461 50 

Loans on collateral security, as per schedule . 219,875 00 

Cash in the office of the company . . . 52,928 87 

Cash deposited in various banks . . . 31,950 60 

Interest due and accrued .... 4,462 99 

Premiums in course of collection (gross) . 27,088 92 

Notes taken for marine and inland risks . . 22,454 82 

Re-insurance due . . . . . 2,500 00 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid ..... $3,013 03 

Losses claimed and reported . . . . 39,166 00 

Unearned premiums on outstanding risks . 87,154 30 

Reclaimable on perpetual fire policies . . 20,202 69 

Dividends to stockholders unpaid . . . 1,994 14 

Due and accrued for rent, salaries, etc. . . 900 00 



1704,222 70 



* Total value of property mortgaged 
Amount of Insurance held as collateral 

48 



#7_\. r )00 00 
47,500 00 



378 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State and local taxes 
Commissions and brokerage . . ' 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



$560 00 
230 00 



- $159,220 16 

. $545,002 54 
. 500,000 00 



$45,002 54 



Income. 

Cash received for fire premiums . . . $106,208 57 
Deduct re-insurance and return premiums . 10,658 01 

Net cash received for fire premiums . . $95,550 56 

Cash rec'd for marine and inland premiums . $162,121 58 
Deduct re-insurance and return premiums . 42,487 65 

Net cash rec'd for marine and inland prems. . 119,633 93, 

Unpaid premium notes rec'd during the year . $22,454 82 

Interest and dividends received from all sources . . . 20,382 54 

Received for increased capital . . . 300,000 00 

Gross Cash Income $235,567 03 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$60,390 10 
509 69 

$137,165 18 

45,883 65 



$59,880 41 



91,281 53 
16,000 00 
28,512 93 
22,107 55 
4,254 75 
1,461 06 

>23,498 23 



Risks and Premiums 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$7,788,444 00 $65,235 03 
11,666,782 00 106,208 57 



$19,455,226 00 $171,443 60 
10,129,679 00 88,618 94 



1,325,547 00 
152,460 00 



32,824 66 

1,826 13 



1,173,087 00 $80,998 53 



1879.] 



INS. COS. OF OTHER STATES. 



379 



Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . " . 
Deduct risks expired and terminated 

In force at end of year . ... 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . . 



$591,129 00 
10,775,206 00 

$11,366,335 00 
10,096,435 00 

$1,269,900 00 
. 299,161 00 

. $970,739 00 
. $762,775 00 



52,386 81 
162,121 58 

1194,508 39 
142,723 45 

$51,784 94 
6,555 11 

$45,229 83 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year . 

Fire losses incurred during the year .... 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$13,833,499 00 

10,249,492 00 

1,702,599 00 

16,000 00 

66,099 66 

97,953 16 

99,790 00 



UNITED FIREMEN'S INSURANCE COMPANY, PHILADEL- 
PHIA, PENN. 

[Incorporated April 1, 1860. Commenced business April 2, 1861.] 

Paid-up Capital, $200,000. 

William S. Allen, President. Secretary, William V. Sickel. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Pittsburgh city bonds 
Philadelphia city bonds . 
Philadelphia city warrants 



Par value. 

$100,000 00 

31,000 00 

60,000 00 

835 00 



Market value. 

$103,283 75 

32,860 00 

60,750 00 

835 00 



$191,835 00 $197,728 75 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Cash in the office of the company . 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) 

Rents due and accrued . 

Gross Assets .... 



$61,141 25 

355,913 41 

9,568 33 

197,728 75 

520 95 

17,689 08 

33 70 

35,687 04 

694 07 



$678,976 58 



* Total villus of property mortgaged 
Amount of Insurance held as collateral 



$630,250 00 
817,200 00 



380 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid . . . . 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$1,800 00 

15,602 00 

78,482 67 

320,070 87 



Surplus over Capital 

Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents . 
Policy fees, discount, etc. 
Deposits received for perpetual fire risks 

Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest on borrowed money 

for incidentals 



Gross Cash Expenditures 

Risks and Premiums. 



sources 



522,371 28 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$6,618,677 00 
11,938,196 00 



$415,955 54 

$263,021 04 
• 200,000 00 

$63,021 04 



$140,568 54 
12,288 80 



$128,279 74 

22,202 92 

10,012 99 

1,139 71 

4,034 04 

$165,669 40 

$71,081 27 
25,275 02 
28,570 85 
8,148 37 
. 948 33 
941 15 
20,041 30 

$155,006 29 

Premiums. 

$80,S89 96 
138,777 20 



$18,556,873 00 $219,667 16 
6,083,235 00 66,646 72 



$12,473,638 00 $153,020 44 
96,862 00 1,606 08 



$12,376,776 00 $151,414 36 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . 

Fire losses incurred during the year . 
Company's stock owned by directors . 



$419,093 48 

178,527 94 

104,505 86 

25,275 02 

70,007 85 

104,370 00 



1879.] 



INS. COS. OF OTHER STATES. 



381 



UNITED STATES LLOYDS, NEW YORK. 

[Incorporated 1873. Commenced business 1873.] 
Higgins & Cox, Attorneys for the Subscribers. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
New York city and county bonds . 
Boston city bonds ..... 
Atlantic Mutual Insurance Company scrip 



Securities held as collateral for cash loans: 
Loaned on securities .... 



Tar value. Market value. 

8125,000 00 $139,141 25 

100,000 00 127,000 00 

50,000 00 56,250 00 

5,010 00 



$327,401 25 



Market value. Loaned thereon. 

$86,663 00 $66,500 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule . 

Loans on collateral security, as per schedule 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

Notes taken for marine and inland risks . 

Salvage, re-insurance, and rebate . 

Gross Assets ..... 

Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Miscellaneous ...... 

Deposit in trust ..... 

Gross Liabilities .... 



Surplus 



527,401 25 
66,500 00 
77,716 30 

2,017 50 
60,645 32 

8,875 36 
23,359 37 



$85,282 00 

72,635 64 

1,100 00 

8,835 89 



Income. 

Cash received for marine and inland prems. . $544,313 73 
Deduct re-insurance and return premiums . 48,245 01 

Net cash rec'd for marine and inland prems. . 

Interest and dividends received from all sources 

Income from brokerage and discount ..... 

Income from exchange ........ 

Gross Cash Income 

Expenditures. 
('ash paid for marine and inland losses ..... 
for commissions and incidentals .... 
for rebate in lieu of scrip ..... 

Gross Cash Expenditures 



,515 10 



167,853 53 

$398,661 57 



$496,068 72 

22,077 92 

3,532 82 

12 01 

$521,691 47 



$332,267 50 
67,443 19 

100,818 85 

$500,529 54 



382 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

WATERTOWN FIRE INSURANCE COMPANY, 
WATERTOWN, N.Y. 

[Incorporated Dec. 7, 1867. Commenced business Dec. 9, 1867.] 

Paid-up Capital, $200,000. 

Willard Ives, President. Secretary, Jesse M. Adams. 

Detailed Statement of Stocks, Bonds, Etc. 

Tar value. Market value. 

United States bonds $185,000 00 $190,762 50 

Davis Sewing-Machine Company bonds . .- 1,000 00 1,000 00 



$186,000 00 $191,762 50 



Securities held as collateral for cash loans : — 

Union Pacific Railroad bonds . 

United States bonds . , 

Watertown city bonds 

Bond and mortgage 

Agricultural Insurance Company stock 

Merchants' Bank Stock . 

Agricultural Insurance Company stock 

National Union Bank stock . 

Merchants' Bank stock . 

Northern Insurance Company stock 

Merchants' Bank stock . 

Agricultural Insurance Company stock 

Merchants' Bank stock . 

Northern Insurance Company stock 

Merchants' Bank stock . 

Bond and mortgage 

Agricultural Insurance Company stock 

Bonds and mortgages 



Market value. Loaned thereon. 

$1,000 00") 

520 00 I 

520 00 \ ® 2 ' 000 00 

800 00 J 
75 ; 092 00 
1,300 00 > 

875 00 f 
3,850 00 
3,000 00) 

500 00 > 
1,300 00 > 

875 00 i 
1,500 00 ) 

500 00) 
1,300 00 
1,000 00) 
1,758 00 j 
1,350 00 



43,465 55 

1,700 00 
2,200 00 

2,500 00 

1,600 00 

1,500 00 
1,200 00 
1,356 10 
1,123 15 



$97,040 00 $58,644 80 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $34,288 22 

Loans on mortgage of real estate (first liens *), 309,840 28 

Interest due or accrued thereon . . . 12,271 00 

Stocks, bonds, etc., as per schedule . . 191,762 50 

Loans on collateral security, as per schedule . 58,644 80 

Cash in the office of the company . . . 4,266 44 

Cash deposited in Merchants' Bank . . 55,546 31 

Interest due and accrued . . . . 5,706 90 



* Value of lands mortgaged $741,138 00 

Value of buildings thereon 267,712 00 

Amount of insurance held as collateral 214,950 00 



1879.] 



INS. COS. OF OTHER STATES. 



383 



Premiums in course of collection (net) 
Notes taken for marine and inland risks 

Gross Assets "\ 
Deduct special deposits in other states 



Balance 



$87,685 92 
18,292 33 



$778,304 70 
20,650 00 

$757,654 70 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 



Surplus as regards policy-holders 
Paid-up Capital 



$3,400 00 

23,750 00 

10,500 00 

430,028 80 

$467,678 80 
6,303 46 



461,375 34 



Surplus over Capital 



Income. 

Cash received for fire premiums . . . $534,542 98 
Deduct re-insurance and return premiums . 49,850 29 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages . . . . 
Interest and dividends received from all other sources . 
Income from rents ......... 



$296,279 36 
200,000 00 

$96,279 36 



$484,692 69 

21,917 16 

9,608 94 

2,104 00 



Gross Cash Income . . 

Expenditures. 
Cash paid for fire losses ..... 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$106,238,952 00 
61,117,879 00 

$107,356,831 00 
06,124,562 00 

$101,232,269 00 

1,001,141 00 



$518,322 79 

$275,910 92 
20,000 00 
109,273 40 
35,000 00 
13,732 40 
44,850 06 

$499,300 78 



Premiums. 

$925,557 03 
530,531 59 

4,462,088 62 
549,649 62 

$912,439 00 
4,319 25 



$100,231,128 00 800S,119 75 



384 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Company's stock owned by directors ...... 



$3,185,291 04 

1,501,539 75 

220,000 00 

20,000 00 

274,910 92 

118,800 00 



WESTCHESTER FIRE INSURANCE COMPANY, NEW 

ROCHELLE, N.Y. 

[Incorporated as a " Mutual" March 14, 1837. Commenced business as " Joint-Stock" 

Jan. 1, 1870.] 

Paid-up Capital, $300,000. 

George R. Crawford, President. Secretary, John Q. Underhill. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 



Par value. 



Market value. 



$500,000 00 $521,362 50 



Securities held as collateral for cash loans : 

Citizens' National Bank, New York 
Central National Bank, New York . 



Market value. Loaned thereon. 

$4,000 00 $2,500 00 
2,340 00 1,900 00 



!,340 00 $4,400 00 



Summary of Assets Dec. 31, 1879. 

Cash value of unencumbered real estate . . $47,500 00 

Loans on mortgage of real estate (first liens*), 155,184 50 

Interest due or accrued thereon . . . 4,313 12 

Bonds, as per schedule ..... 521,362 50 

Loans on collateral security, as per schedule . 4,400 00 

Cash in the office of the company . . . 4,978 57 

Cash deposited in bank ..... 26,093 44 

Interest due and accrued .... 227 92 

Premiums in course of collection (gross) . 65,537 19 

Rents due and accrued ..... 1,524 00 
Premiums more than 3 months due, $3,419 20 

Gross Assets 



$831,121 24 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$190,000 00 
174,000 00 
157,050 00 



1879.] 



INS. COS. OF OTHER STATES. 



385 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed on resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



$24,601 73 

38,935 00 

3,000 00 

334,526 54 

94 70 

8,460 90 

$409,618 87 



Surplus over Capital 



$421,502 37 
300,000 00 

$121,502 37 



Income. 

Cash received for fire premiums . . . $563,613 26 
Deduct re-insurance and return premiums . 50,617 06 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income 



$512,996 20 

9,743 90 

28,400 31 



$551,140 41 



Expenditures. 

Cash paid for fire losses ..... 

Deduct salvage and re-insurance 

Net cash paid for fire losses ..'... 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$335,247 41 
5,843 48 



$329,403 93 
29,979 00 
81,70L 41 
20,270 84 
13,970 55 
68,194 16 

$543,519 89 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$05,061,160 00 $617,930 55 
67,140,120 00 563,013 26 



Total . ... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
49 



32,201,280 00 $1,181,543 81 
62,264,328 00 504,921 00 



$69, 936, 952 00 $676,622 81 
871,948 00 7,630 73 



$69,065,004 00 $668,992 08 



386 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .".„.. 

Company's stock owned by directors . 



$6,631,516 91 

3,674,897 98 

248,000 00 

30,000 00 

331,794 84 

146,500 00 



WILLI AMSBURGH CITY FIRE INSURANCE COMPANY, 

BROOKLYN, N.Y. 

[Incorporated March, 1853. 00101110006(1*511810688 March, 1853.] 

Paid-up Capital, $250,000. 

Edmund Driggs, President. Secretary, N. W. Meserole. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$406,000 00 $424,772 50 
8,000 00 7,600 00 



United States bonds . 
Mechanics' and Traders' Bank, Greenpoint 
Grand Street and Newtown Railroad stock 
Nassau National Bank (Brooklyn) stock 
Long Island Bank (Brooklyn) stock 
First National Bank (Brooklyn) stock 
People's Gas-Light Company (Brooklyn) stock, 
Metropolitan Gas-Light Co. (Brooklyn) stock, 
Citizens' Gas- Light Company (Brooklyn) stock, 
Dry Dock, East Broadway, and B. R.R. stock, 
Grand Street and Newtown Railroad bonds 
Georgia state bonds . . 

Brooklyn City Railroad stock . 
Broadway Railroad (Brooklyn) stock 
Broadway Railroad (Brooklyn) bonds 



Securities held as collateral for cash loans: — 

Park Bank of New York stock 
Pacific Bank of New York stock 
Metropolitan Gas Company (Brooklyn) stock . 
Imp. and Traders' Insurance Co. (N.Y.) stock, 
New York City Insurance Company stock 
People's Gas-Light Company (Brooklyn) stock, 
Pacific Fire Insurance Company (N.Y.) stock, 
Grand St. and Newtown R.R. (B'klyn) stock, 
Manufacturers' National Bank (N.Y.) stock . 
Broadway Railroad Company (Br'klyn) bond . 



25,000 00 

1,000 00 

10,000 00 

4,900 00 

26,000 00 

5,000 00 

7,120 00 

20,000 00 

20,000 00 

25,000 00 

10,710 00 

11,000 00 

3,000 00 



20,000 00 

1,550 00 

10,000 00 

9,065 00 

9,100 00 

4,000 00 

5,340 00 

22,000 00 

20,000 00 

25,000 00 

17,136 00 

16,500 00 

3,000 00 



$582,730 00 $595,063 50 



Market value. Loaned thereon. 



$550 00 


$375 00 


4,200 00 1 
i 




1,600 00 ! 
500 00 | 


5,000 00 


490 00J 




350 00 


200 00 


2,020 00 


1,500 00 


2,320 00 


1,750 00 


2,451 00 


1,720 00 


1,000 00 


800 00 



1879.] 



INS. COS. OF OTHER STATES. 



387 



Union Ferry Company (Brooklyn) stock . $840 00 

Manufacturers' National Bank (N.Y.) stock . 769 50 

Mechanics' Fire Insurance Co. (B'klyn) stock, 3,500 00 

Mechanics' Bank of Brooklyn stock . . 2,062 50 

Baltimore Gas Company stock . . . 7,500 00 

Brooklyn Cross Town Railroad certificates . 2,500 00 

Kings County Fire Ins. Co. (Brooklyn) stock, 3,480 00 

People's Gas-Light Company (Brooklyn) stock, 175 00 

Lafayette Fire Insurance Co. (Brooklyn) stock, 1,210 00 

Cypress Hills Cemetery bonds . . . 9,000 00 

South Side Railroad Co. stock (Long Island) . 3,000 00 



Summary of Assets Dec. 31, 1879 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued . 

Gross Assets ..... 
Deduct special deposits in other states 



1600 00 

650 00 

1,950 00 

10,000 00 

2,000 00 
700 00 

6,500 00 
2,728 00 



Balance 



$49,518 00 


$36,473 00 


L, 1879. 






$95,421 


54 




227,070 


00 




4,679 


12 




595,063 


50 




36,473 


00 




5,497 43 




7,630 


12 




5,230 


82 




42,325 


15 




162 


50 






jtti mo p;^q i q 




<!P 


i )» w ) wu -"-^ 


• 


• 


36,000 00 



.f $983,553 18 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Due for borrowed money 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



$6,409 09 

27,277 00 

6,650 00 

216,999 51 

125 00 

2,400 00 

5,997 02 

00,000 00 

$325,857 62 
9,011 38 



316,846 24 

$666,706 94 
250,000 00 



$416,706 94 



* Value of lands mortgaged $189,700 dm 

Value of buildings thereon 252,400 00 

Amount of insurance held as collateral 214,700 00 

t [ncludlng $225,000 special reserve fund, held under New York "Surplus Law." 



388 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . $377,505 77 
Deduct re-insurance and return premiums . 13,485 47 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for interest on borrowed money 

for incidentals 

Gross Cash Expenditures 



$192,583 01 
7,484 84 



$364,020 30 

17,138 78 

36,060 92 

1,961 25 

$419,181 25 



5,098 17 
49,875 00 
71,984 25 
43,330 53 
1,780 47 
3,367 10 
42,517 46 

$397,952 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force .' . 



Premiums. 

$51,604,582 00 $385,690 63 
60,754,836 00 387,893 85 



$112,359,418 00 $773,584 48 
51,515,294 00 349,479 73 



$60,844,124 00 $424,104 75 
294,234 00 2,745 09 



$60,549,890 00 $421,359 66 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$5,974,734 35 

3,150,280 52 

652,500 00 

50,000 00 

198,859 94 

87,300 00 



1879.] 



INS. COS. OF OTHER STATES. 



389 



AGGREGATE. 



Capital Stock. 
Outstanding capital actually paid up in cash 



Assets. 



Gross present Assets . 



Liabilities. 

Gross present Liabilities 



Income. 

Cash actually received for fire premiums 
, for marine and inland premiums 
for interest and dividends from all sources 
from all other sources .... 

Gross Cash Income .... 



Expenditures. 

Cash actually paid during the year for fire losses* 
for marine and inland losses 
for dividends to stockholders 
for redemption of scrip 
for interest to scripholders • . 

for brokerage and commissions on premiums 
for salaries and pay of officers and employes 
for state and local taxes .... 
for office, agency, and incidental expenses . 

Gross Cash Expenditures .... 



Miscellaneous. 

Whole amount of fire risks written during the year 
premiums charged or receivable thereon . 
marine and inland risks written during the year 
premiums charged or receivable thereon 
fire risks terminated during the year 
marine and inland risks terminated . 
fire risks outstanding at end of year, 
marine and inland risks outstanding 
notes received for marine and inland risks 
dividends declared .... 
fire losses incurred .... 
marine losses incurred 



$40,994,090 00 



$114,243,726 00 



$34,228,619 00 



$30,165,436 00 

10,317,247 00 

5,357,246 00 

460,512 00 



$46,300,441 00 



17,521,817 
7,513,563 
5,078,714 
2,378,345 
643,810 
5,675,408 
3,699,529 
1,163,995 



00 
00 
00 
00 
00 
00 
00 
00 



3,155,986 00 



$46,831,167 00 



$3,840,174,4S1 00 

33,087,143 00 

1,283,374,247 00 

12,797,889 00 

3,573,295,070 00 

1.240,693,043 00 

4,172,772,11 1 00 

184,656,549 00 

2,610, 093 00 

5,097,408 00 

17, 91, s, 772 00 

7,859,742 00 



UNITED STATES BRANCHES OF 

FOREIGN FIRE 

INSURANCE COMPANIES, 



Detailed Statements of Assets and Liabilities, with Abstract 

op Annual Statements, for the Year ending 

Dec. 31, 1879. 



892 



UNITED STATES BRANCHES OP [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE BRITISH AMERICA 

ASSURANCE COMPANY, TORONTO, CANADA. 

William A. Beattie, Manager, New England Department. 

Office, 8 Exchange Place, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$475,000 00 $524,625 00 
15,000 00 15,000 00 



United States bonds 

Deposit state of Mississippi 

Dominion government bonds . 

Canadian Bank of Commerce stock 

Dominion Bank stock 

Ontario Bank stock 

Federal Bank stock 

Canada Permanent Loan and Sav'gs Co. stock, 

Hudson and Erie Sav'gs and Loan Soc'y stock, 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in Canadian B'k of Commerce 
Interest due and accrued . 

Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Office furniture . . . . $3,250 00 

Gross Assets ..... 
Deduct special deposits in other states . 



50,000 00 
24,000 00 
10,000 00 
11,800 00 
4,200 00 
10,000 00 
25,000 00 



50,250 00 
27,600 00 
11,500 00 
8,378 00 
4,242 00 
17,500 00 
32,500 00 



Balance 



Liabilities. 

Losses claimed and reported . 

Losses disputed or resisted 

Unearned premiums on outstanding risks 

Commissions and brokerage . 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$625,000 00 $691,595 00 

31, 1879. 
$691,595 00 

29,359 75 

30,163 89 

11,633 00 

48,795 12 
4,860 43 



$816,407 19 
298,000 00 



$518,407 19 



$75,803 52 

2,500 00 

263,841 07 

10,639 02 

$352,783 61 
53,129 07 



299,654 54 



Surplus $218,752 65 



1879.] FOREIGN FIRE INSURANCE COS. 



393 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland prems. 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems 
Unpaid premium notes received during year 
Interest and dividends received from all sources 

Gross Cash Income ..... 



$566,713 64 
65,279 00 

$25,495 59 
2,74-1 90 

$3,594 89 



,434 64 

22,750 69 

16,411 41 
$540,596 74 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



,519 43 
13,106 29 

$20,875 03 
1,294 29 



$290,413 14 



19,580 74 
97,990 48 
9,000 00 
12,6S3 52 
47,250 10 

$476,917 98 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total . . . . . 
Deduct risks expired and terminated 

In force at end of year 
50 



$41,255,903 00 
55,022,472 00 



$96,278,375 00 
49,657,587 00 



$46,020,788 00 
854,858 00 



Premiums. 

$477,801 78 
492,443 94 

$970,245 72 
450,216 63 

$520,029 09 
9,007 82 



^5,765,930 00 $511,021 27 



. $195,450 00 
. 6,280,402 00 

$6,475,852 00 
. 6,261,102 00 



$3,006 29 
24,537 17 

$28,143 46 
24,338 02 



. $214,750 00 • $3,805 44 



894 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF LA CATSSE G!ENERALE DES 
ASSURANCES, ETC., PARIS, FRANCE. 

Resident Secretary, Ju.lien Le Cesne. 

Office, Western Union Building, New York. 



Summary of Assets Dec 
United States bonds 
Cash in the office of the company . 
Cash in hands of trustees 
Premiums in course of collection (gross) 
Re-insurance due .... 
Gross Assets . 

Liabilities 
Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re- insurance 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Commissions and brokerage 
Gross Liabilities 

Surplus . 



Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all 
Received from home office 



Gross Cash Income 



31, 1879. 

$451,162 50 
3,331 15 

22,000 00 

65,481 20 

4,178 87 



$14,589 98 
27,126 97 
19,139 05 

$60,856 00 
3,093 72 

$57,762 28 

194,682 13 

19,644 36 



$495,930 04 
88,661 81 



sources 

. $140,000 00 



$546,153 72 



272,088 77 
$274,064 95 



$407,268 23 
24,271 58 

. $431,539 81 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals . . . • 

Gross Cash Expenditures 



$298,635 67 
28,755 28 



$269,880 39 

114,658 69 

30,257 95 

6,620 54 

40,994 23 

$462,411 80 



1879.] FOREIGN FIRE INSURANCE COS. 



395 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

^23,543,548 00 $299,107 27 
42,415,406 00 482,682 94 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$65,958,954 00 $781,790 21 
35,033,411 00 397,090 41 



$30,925,543 00 $384,699 80 
869,553 00 13,208 58 



$30,055,990 00 $371,491 22 



UNITED STATES BRANCH OF THE COMMERCIAL UNION 
ASSURANCE COMPANY, LONDON, ENGLAND. 

Resident Manager, Alfred Pell. 
Office, No. 37 Wall Street, New York. 



Summary of Assets Dec. 31, 1879. 



United States bonds . 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets . . . .' . 
Deduct special deposits in other states 

Balance . ... 



$1,280,075 00 
2,027 46 

191,772 63 
3,426 00 

176,089 88 



1,653,390 97 
249,687 50 



$1,403,703 47 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Miscellaneous . . ■ 

Gross Liabilities 
Deduct liabilities on special deposits 



$70,744 54 
12.175 07 

$82,919 61 
1,250 00 



,669 61 

780,300 37 

16,383 74 

2,734 23 

$881,087 95 
35,764 02 



845,323 93 



Surplus $558,379 54 



396 



UNITED STATES BRANCHES OF [Dec. 31, 



Income. 

< 

Cash received for fire premiums . . $1 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from all other sources . 

Gross Cash Income 



,440,817 28 
222,716 76 



-$1,218,100 52 
57,347 12 
17,668 01 

$1,293,115 65 



Expenditures. 

Cash paid for fire losses $774,528 86 

Deduct salvage and re-insurance . . . 25,523 00 

Net cash paid for fire losses .... $749,005 86 

Cash paid for commissions and brokerage .... 201,457 60 
for salaries of officers and employes ... . 72,460 24 

for state and local taxes 22,032 58 

for incidentals . . . .... 73,967 03 



Gross Cash Expenditures 



$1,118,923 31 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$98,453,932 00 $992,853 55 
160,782,375 00 1,440,817 28 



Total 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$259,236,307 0082,433,670 83 
94,126,188 00 895,156 74 



$165,110,119 00$1,538,514 09 
3,154,521 00 39,512 65 



$161,955,598 00 $1,499,001 44 



UNITED STATES BRANCH OF LA CONFIANCE FIRE 
INSURANCE COMPANY, PARIS, FRANCE. 

Monrose & Mulville, Managers, New York. 



Summary or Assets Dec. 31, 1879. 



United States bonds . 
Cash deposited in bank . 
Premiums in course of collection (gross) 

Gross Assets . 
Deduct special deposits in other states . 



$532,510 00 
30,567 24 
23,556 88 



$586,634 
154,500 



12 

00 



Balance $432,134 12 



1879.] FOREIGN FIRE INSURANCE COS. 39T 

Liabilities. 

Losses adjusted, unpaid . . . . . $1,714 80 

Losses claimed and reported , . . • . 19,555 42 

Unearned premiums on outstanding risks . 111,568 23 

Commissions and brokerage . . . 1,767 65 



Gross Liabilities ." . . . . $134,606 10 
Deduct liabilities on special deposits . . 2,294 58 



$132,311 52 



Surplus . . . . . . .... $299,822 60 

Income. 

Cash received for fire premiums . . . $268,986 23 
Deduct re-insurance and return premiums . 43,163 52 

Ne£ cash received for fire premiums . . — — $225,822 71 

Interest and dividends received from all sources . . . 12,620 00 



Gross Cash Income . . . . .... $238,44271 

Expenditures. 

Cash paid for fire losses . . . . ...,.',. $33,054 96 

for commissions and brokerage .... 60,903 67 

for salaries of officers and employes . . . 8,436 48 

for state and local taxes . . .... 529 55 



Gross Cash Expenditures J . $102,924 66 

Risks and Premiums. 

Premiums. 

Fire risks written during 1879 . . $21,575,292 00 $236,656 27 

Deduct risks expired and terminated . 4,422,894 00 18,492 26 



In force at end of year .... $17,152,398 00 $218,164 01 
Deduct amount re-insured . . . 504,675 00 10,582 57 



Net amount in force . . . $16,647,723 00 $207,581 44 



398 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH Otf THE GUARDIAN FIRE AND 
LIFE ASSURANCE COMPANY, LONDON, ENGLAND. 

H. E. Bowers, Manager. 

Office, No. 50 William Street, Nciv York. 



Summary of Assets, Dec 

United States bonds .... 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 
Deduct special deposits in other states . 



31, 1879. 

$769,600 00 

51,229 86 

8,700 00 

32,443 62 



^861,973 48 
129,062 50 



Balance |732,910 98 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$25,250 47 

117,783 34 

667 97 

1,210 71 

5,436 56 

1,523 27 

$151,872 32 
12,319 40 



139,552 92 



Surplus $593,358 06 



Income. 

Cash received for fire premiums . . . I 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 

Gross Cash Income ..... 



5274,907 28 
74,541 09 



$200,366 19 
40,050 30 

$240,416 49 



Expenditures. 
Cash paid for fire losses ..... 
for salaries of officers and employes 
for state and local taxes . 
for incidentals .... 

remitted to home office . 



$43,138 16 



5152,131 28 

26,432 63 

6,587 87 

13,422 60 



Gross Cash Expenditures 



$198,574 38 



1879.] FOREIGN FIRE INSURANCE COS. 



399 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Risks and Premiums. 

Premiums. 

$21,059,681 00 $173,546 53 



40,499 



£61,558 
35,204 



$26,353 
321 



$26,032 



012 00 281 



693 00 $454 
949 00 231 



744 00 $223 
675 00 2 



069 00 $221 



373 01 



919 54 

687 50 



232 04 
187 65 



044 39 



UNITED STATES BRANCH OF THE HAMBURG-BREMEN 
FIRE INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Sophus V. Dorrien. 

Office, 178 Broadway, New York. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 

Securities held as collateral for cash loans 
United States bonds .... 



Par value. Market value. 

$600,000 00 $625,673 75 



Market value. Loaned thereon. 

$103,375 00 $100,000 00 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Gross Assets ..... 
Deduct special deposits in other states . 

Balance ...... 



$625,673 75 

100,000 00 

23,325 64 

31,409 29 



$780,408 68 
157,243 75 

$623,164 93 



Liabilities. 



Losses claimed and reported 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 

Gross Liabilities . . . . 

Deduct liabilities on special deposits 



$40,315 00 
800 00 



$39,515 00 
214,784 80 

$254,299 80 
10,850 87 



213,448 93 



Surplus $379,716 00 



400 



UNITED STATES BRANCHES OF [Dec. 31, 



Income. 

Cash received for fire premiums . ' . . $471,151 79 
Deduct re-insurance and return premiums . 55,609 71 

Net cash received for fire premiums . . $115,542 08 

Interest and dividends received from all sources . . . 25,730 50 



Gross Cash Income . 



. $441,272 58 



Expenditures. 
Cash paid for fire losses . 

for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$269,606 00 

83,399 45 

19,698 35 

9,159 05 

25,428 34 

$407,291 19 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$35,419,897 00 $387,444 12 
47,383,512 00 467,052 11 



Total 

Deduct risks expired and terminated 

In force at end of year . 

Deduct amount re-insured 

Net amount in force 



2,803,409 00 $854,496 23 
43,729,270 00 426,520 63 



$39,074,139 00 $427,975 60 
165,380 00 1,929 07 



$38,908,759 00 $426,046 53 



UNITED STATES BRANCH OF THE HAMBURG-MAGDEBURG 
FIRE INSURANCE COMPANY, HAMBURG, GERMANY. 

Justus Kohler, Manager. 

Office, New York. 



Summary of Assets Dec. 31, 1879. 

$635 00 



Loans on mortgage of real estate (first liens) 
United States bonds 
Cash in the office of the company 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
(jvoss Assets . ... 



395,715 00 

1,486 77 

23,037 25 

4 62 

28,510 76 

150 00 



$449,539 40 



1879.] FOREIGN FIRE INSURANCE COS. 



401 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted . . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities .... 



$5,256 92 

17,680 00 

8,000 00 

112,156 44 

2,189 28 

49 87 



$145,332 51 



Surplus . . . . . ..... $304,206 89 



Income. 

Cash received for fire premiums . . . $229,190 51 
Deduct re-insurance and return premiums . 26,146 13 

Net cash received for fire premiums . . — 

Unpaid premium notes rec'd during the year . $150 00 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Received from home office .... $72,000 00 



$203,044 38 

84 00 
14,302 69 



Gross Cash Income $217,431 07 



Expenditures. 

Cash paid for fire losses . . . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$101,965 80 
2,344 59 



- $99,621 21 

53,115 71 

2,338 67 

3,727 26 

24,508 16 

. $183,311 01 



Fire risks outstanding Dec. 31, 1878 
Risks written during 1879 



Risks and Premiums. 

Premiums. 

$7,782,606 00 $94,225 38 
22,207,178 00 248,604 02 



Total ...... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$29,989,784 00 $342,829 40 
12,787,170 00 126,681 73 



$17,202,614 00 $216,147 67 
97,170 00 947 89 



Net amount in force 



$17,105,444 00 $215,199 78 



402 



UNITED STATES BRANCHES OF [Dec 31, 



UNITED STATES BRANCH OF THE IMPERIAL FIRE IN- 
SURANCE COMPANY, LONDON, ENGLAND. 

Resident Manager, Richard D. Alliger. 

Office, No. S3 Pine Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $634,300 00 $655,910 00 

Virginia state bonds . . . . . 71,600 00 26,492 00 
West Virginia state bonds .... 28,66600 1,57700 



Tennessee state bonds 



20,000 00 6,200 00 



$754,566 00 $690,179 00 



Summary of Assets Dec. 31, 1879. 



Cash value of unencumbered real estate 
Bonds, as per schedule . 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 

Gross Assets 
Deduct special deposits in other states 



Balance $682,018 00 



$160,000 00 

690,179 00 

175 00 

27,835 00 

50,711 00 



$928,900 00 
246,882 00 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted . 
Unearned premiums on outstanding risks 
Commissions and brokerage . . 

Gross Liabilities . 
Deduct liabilities on special deposits 



$250 00 

23,068 00 

9,225 00 

221,614 00 

7,607 00 

$261,764 00 
16,748 00 



245,016 00 



Surplus $437,002 00 

Income. 
Cash received for fire premiums 



Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from rents ...... 



$471,977 00 
62,657 00 



$409,320 00 
31,292 00 
15,275 00 



Gross Cash Income . $455,887 00 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses . 



$291,853 00 
540 00 



$291,313 00 



1879.] FOREIGN FIRE INSURANCE COS. 



403 



Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures .... 

Risks and Premiums. 



$69,359 00 
26,686 00 
14,074 00 
24,839 00 

$426,271 00 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$35,287,671 00 $422,559 00 
48,637,171 00 471,946 00 



$S3,924,842 00 $894,505 00 
43,919,203 00 450,215 00 



$40,005,639 00 $444,290 00 
61;812 00 1,099 00 



$39,943,827 00 $443,191 00 



UNITED STATES BRANCH OF THE LANCASHIRE INSUR- 
ANCE COMPANY, MANCHESTER, ENGLAND. 

Resident Manager, Henry Robertson. 

Office, No. 187 Broadicay, New York. 



Summary of Assets Dec, 
United States bonds .... 
Cash deposited in Chatham National Bank 
Premiums in course of collection (net) 

Gross Assets .... 
Deduct special deposits in other states 



Balance 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes . . 

Gross Liabilities 
Deduct liabilities on special deposits 



Surplus ..... 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Gross Cash Income . 



31, 1879. 
$807,018 75 
37,455 38 
34,424 92 



$878,899 05 
192,650 00 

$686,249 05 



$29,830 49 
17,928 65 
26,681 92 

430,872 51 
5,000 00 

$510,313 57 
24,250 00 



$865,592 62 
114,654 28 



486,063 57 

$200,185 48 



$750,938 34 



. $750,938 34 



404 UNITED STATES BRANCHES OF [Dec. 31, 



Expenditures. 
< 
Cash paid for fire losses .... 

for commissions and brokerage 

for salaries and incidentals 

for state and local taxes . 

Gross Cash Expenditures 



. $510,853 75 

. 119,594 19 

. 101,507 18 

18,669 25 

. $750,624 37 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$61,607,057 00 $723,666 38 
86,661,262 00 865,592 62 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$148,268,319 00 $1,589,259 00 
72,869,666 00 737,197 30 



r 5, 398, 653 00 $852,061 70 
1,742,604 00 16,983 90 



$73,656,049 00 $835,077 80 



UNITED STATES BRANCH OF THE LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY, LIVERPOOL, ENG. 

Resident Manager, James E. Pulsford. 

Office, No. 45 William Street, New York. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . $1,595,000 00 $1,722,400 00 

5,800 00 



Alabama state bonds 
South Carolina state bonds 
New York state bonds . 
Richmond city bonds 
Mississippi pay warrants 



Summary of Assets Dec. 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens) 

Stocks, bonds, etc., as per schedule 

Loans on life policies 

Cash in the office of the company 

Cash deposited in various banks 

Interest due and accrued 



10,000 00 
20,000 00 
45,000 00 
5,000 00 
20,000 00 



8,000 00 
54,000 00 

6,250 00 
20,000 00 



$1,695,000 00 $1,816,450 00 

31, 1879. 

$540,500 00 

1,360,544 42 

1,816,450 00 

10,843 20 

6,380 56 

290,842 59 

19,713 32 



1879.] FOREIGN FIRE INSURANCE COS. 



405 



Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued . 

Premiums more than 3 months due, $11,796 64 
Gross Assets ...... 

Deduct special deposits in other states 



Balance 



$302,799 00 

26,533 70 

2,354 66 



-$4,376,961 45 
. 276,275 00 



$4,100,686 45 



Liabilities. 

Losses adjusted, unpaid, and reported 
disputed or resisted 

Total amount of losses . . 
Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Life and annuity reserve fund 
Commissions and brokerage . 

Gross Liabilities 
Deduct liabilities on special deposits 



296,547 54 
80,063 10 



$376,610 64 
17,952 58 



$358,658 06 

1,749,548 41 

306,703 32 

115,426 59 

39,578 93 

$2,569,915 31 
. 177,457 37 



2,392,457 94 



Surplus 



,708,228 51 



Income. 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on bonds and mortgages 
Interest and dividends received from all other 
Income from rents ..... 
Deposits received for perpetual risks 

Gross Cash Income .... 



(,182,665 01 
587,143 06 



sources 



-$2,595,521 95 

. 77,877 57 

78,254 85 

27,079 97 



25,175 06 



£2,778,734 34 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Deposits returned on perpetual fire risks. 

Gross Cash Expenditures 



$1,933,549 55 
119,578 09 



$31,190 64 



,813,971 46 

431,805 51 

161,922 52 

39,463 94 

144,675 94 



$2,591,839 37 



406 



UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

* Premiums. 

$301,654,382 00 $3,068,480 25 

438,085,677 00 3,182,665 01 ' 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



$739,740,059 00$6,251,145 26 
345,679,209 00 2,659,897 87 



$394,060,850 00$3,591,247 39 
22,673,036 00 170,416 29 



$371,387,814 00 $3,420,831 10 
$8,982,577 00 



UNITED STATES BRRANCH OF THE LONDON ASSURANCE 
CORPORATION, LONDON, ENGLAND. 

Resident Manager, B. Lockwood. 

Office, No. 88 Wall Street, New York. 



Summary of Assets Dec. 31, 1879. 



United States bonds 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 

Gross Assets .... 
Deduct special deposits in other states 



Balance 



$1,063,750 00 

3,488 33 

62,213 56 

26,072 84 



11,155,524 73 
239,343 75 

$916,180 98 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



. $30,813 92 
. 336,072 02 

. $366,885 94 
31,486 53 



335,399 41 



Surplus • $580,781 57 



Income. 

Cash received for fire premiums . . . $617,882 15 
Deduct re-insurance and return premiums . 98,326 31 

Net cash received for fire premiums . . $519,555 84 

Interest and dividends received from all sources . . . 42,750 00 



Gross Cash Income $562,305 84 



1879.] FOREIGN FIRE INSURANCE COS. 



407 



Expenditures. 

Cash paid for fire losses . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

.for salaries of officers and employes 
for state and local taxes . 
for incidentals 
remitted to home office . 

Gross Cash Expenditures . 



558,102 11 
18,159 73 



$32,703 82 



§339,942 38 
79,030 48 
23,425 73 
18,264 31 
49,876 90 

$510,539 80 



Fire risks outstanding Dec. 31, 1878 
Fire risks written d urine; 1879 



Risks and Premiums. 

Premiums. 

$60,394,682 00 $573,007 66 
70,858,353 00 519,555 84 



Total 

Deduct risks expired and terminated 

In force at end of year 



$131,253,035 00 $1,092,563 50 
60,157,628 00 441,974 46 



$71,095,407 00 $650,589 04 



UNITED STATES BRANCH OF THE LONDON AND LANCA- 
SHIRE FIRE INSURANCE COMPANY, LIVERPOOL, ENG. 

Managers of New England Branch, Foster & Scull. 

Office, No. 53 Devonshire Street, Boston. 

Summary of Assets Dec. 31, 1879. 



United States bonds .... 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 

Liabilities. 



$501,623 75 

1,902 88 

21,191 11 

2,850 00 

66,929 11 



Losses adjusted, unpaid .... 


. $7,492 61 


Losses claimed and reported . 


45,811 79 


Unearned premiums on outstanding risks 


219,228 26 


Due and accrued for rent, salaries, etc. . 


2,945 97 


State and local taxes .... 


1,316 99 


Commissions and brokerage . 


9,154 40 


Return premiums ..... 


274 26 


Miscellaneous ...... 


117 53 


Gross Liabilities .... 







$594,496 85 



286,401 81 
$308,095 04 



408 



UNITED STATES BRANCHES OF [Dec. 31, 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from all other sources 



$465,706 13 
44,351 58 



121,354 55 
3,621 48 

602 30 



Gross Cash Income $425,578 33 



Expenditures. 

Cash paid for fire losses ..... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$104,134 47 
285 77 



$103,848 70 

49,470 62 

20,407 27 

5,418 40 

33,292 62 

$212,437 61 



Fire risks written during 1879 
Deduct risks expired and terminated 



Risks and Premiums. 

Premiums. 

,187,694 00 $523,708 33 
35,047,092 00 114,495 99 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 



55,140,602 00 $409,212 34 
345,650 00 2,121 40 



$54,794,952 00 $407,090 94 



UNITED STATES BRANCH OF THE MfiTROPOLE INSUR- 
ANCE COMPANY, PARIS, FRANCE. 

Resident Manager, John C. Paige. 

Office, No. 7 Exchange Place, Boston. 

Summary of Assets Dec. 31, 1879. 

United States bonds $206,000 00 

Cash in the office of the company ... 65 59 

Cash deposited in National Webster Bank . 19,219 15 
Interest due and accrued .... 2,000 00 

Premiums in course of collection (gross) . 25,906 55 

Gross Assets $253,191 29 

Liabilities. 

Losses adjusted, unpaid ..... $575 00 

Losses claimed and reported .... 5,000 00 

Unearned premiums on outstanding risks . 20,889 59 



1879.] FOREIGN FIRE INSURANCE COS. 



409 



Due and accrued for rent, salaries, etc. 
Commissions and brokerage . . _ 
Gross Liabilities 



£2,729 26 
4,135 97 



$33,329 82 



Surplus $219,861 47 



Income. 

Cash received for fire premiums . 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Received from home office . $10,000 00 



$16,576 45 
442 31 



$16,134 14 



Gross Cash Income . $16,134 14 



Expenditures. 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals . 



Gross Cash Expenditures 

Risks and Premiums. 



Fire risks written during 1879 
Deduct risks terminated . 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$3,986,185 00 
294,752 00 

$3,691,433 00 
371,318 00 



$3,643 92 

2,000 00 

1,204 28 

1 20 

$6,849 40 



Premiums. 

$42,483 00 
1,268 93 

$41,214 07 
4,428 50 



1,320,115 00 36,785 57 



UNITED STATES BRANCH OF THE NORTH BRITISH AND 
MERCANTILE INSURANCE COMPANY, LONDON AND EDIN- 
BURGH, G.B. 

Managers, Charles E. White and Samuel P. Blagden. 

Office, No. 5 If. William Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... $1,340,000 00 $1,470,070 00 

Illinois state bonds 3,000 00 3,000 00 

Alabama state bonds 10,000 00 5,600 00 

New York city and county bonds . . . 49,000 00 61,250 00 

South Carolina state bonds .... 11,50000 9,77500 

Tennessee state bonds 26,000 00 7,800 00 

Virginia state bonds 40,300 00 34,725 00 

Virginia deferred certificates .... 18,606 67 1,306 67 



$1,504,466 67 $1,593,526 67 



52 



410 UNITED STATES BRANCHES OF [Dec. 31, 



Summary of Assets Dec. 31, 1879. 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 

Gross Asset? .... 
Deduct special deposits in other states . 

Balance ...... 



$1,593,526 67 

125 38 

132,003 38 

137,092 27 

1,850 61 



-$1,861,598 31 
. 285,144 17 

$1,579,454 14 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$35,466 66 

45,071 56 

24,752 48 

749,789 92 

$855,080 62 
67,650 37 



787,430 25 



Surplus 



$792,023 89 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income ..... 



$1,271,865 10 
, 116,938 69 



-$1,154,926 41 

73,568 28 

$1,228,494 69 



Expenditures. 



Cash paid for fire losses 



for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



$699,980 70 

155,297 69 

81,082 58 

29,390 15 

78,314 99 

1,044,066 11 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1878 . $129,386,401 00 $1,405,072 57 
Fire risks written during 1879 . . 159,643,735 00 1,271,865 10 



Total . . . . . . $289,030,136 00 $2,676,937 67 

Deduct risks expired and terminated . 138,354,964 00 1,200,342 73 



In force at end of year 



. $150,675,172 00 $1,476,594 94 



1879.] FOREIGN FIRE INSURANCE COS. 411 



UNITED STATES BRANCH OF THE NORTHERN ASSUR- 
ANCE COMPANY, LONDON, ENGLAND. 

Resident Manager, Richard D. Alliger. 
Office, No. S3 Pine Street, New York. 

Summary op Assets Dec. 31, 1879. 



United States bonds . • 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (gross) 

Gross Assets . 
Deduct special deposits in other states 



$676,125 00 

175 00 

27,835 00 

50,711 00 



$754,846 00 
243,475 00 



Balance $511,371 00 

Liabilities. 

Losses adjusted-, unpaid ..... $250 00 

claimed and reported .... 23,068 00 

disputed or resisted . . . . 4,732 00 

Unearned premiums on outstanding risks . 220,652 00 

Commissions and brokerage .... 7,607 00 



Gross Liabilities $256,309 00 

Deduct liabilities on special deposits . . 16,748 00 



239,561 00 



Surplus $271,810 00 

Income. 

Cash received for fire premiums . . . $471,946 00 
Deduct re-insurance and return premiums . 62,564 00 

Net cash received for fire premiums . . $409,382 00 

Interest and dividends received from all sources . . . 29,153 00 



Gross Cash Income $438,535 00 

Expenditures. 

Cash paid for fire losses $290,806 00 

Deduct salvage and re-insurance . . . 540 00 

Net cash paid for fire losses .... $290,32600 

Cash paid for commissions and brokerage .... 69,359 00 

for salaries of officers and employes . . . 26,686 00 

for state and local taxes . . .... 14,074 00 

for incidentals 22,719 00 



Gross Cash Expenditures $123,161 00 



412 UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1878 



Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$33,965,764 00 $403,581 00 
48,637,171 00 471,946 00 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$S2,602,935 00 $875,527 00 
43,292,174 00 440,857 00 



$39,310,761 00 $434,670 00 
61,812 00 1,099 00 



$39,248,949 00 $433,571 00 



UNITED STATES BRANCH OF THE NORTH GERMAN FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Clemens Kuhl. 

OJce, No. 202 Broadway, New York. 

* Summary of Assets Dec. 31, 1879. 



United States bonds 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) 

Gross Assets . . . . 
Deduct special deposits in other states 



Balance 



$344,781 25 

194 96 

26,192 26 

20,261 63 



$391,430 10 
20,718 75 

$370,711 35 



Liabilities. 

Losses adjusted, unpaid .... 
Losses claimed and reported . 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$949 21 

24,350 00 

114,878 44 

$140,177 65 
1,322 03 



Surplus 



138,855 62 
5231,855 73 



Income. 

Cash received for fire premiums . . . $288,010 27 
Deduct re-insurance and return premiums . 50,537 78 

Net cash received for fire premiums . . $237,472 49 

Interest and dividends received from all sources . . . 13,590 00 
Received from home office .... $65,000 00 



Gross Cash Income $251,062 49 



1879.] FOREIGN FIRE INSURANCE COS. 



413 



Expenditures. 

Cash paid for fire losses $189,870 20 

Deduct salvage and re-insurance . . . 9,899 93 

Net cash paid for fire losses .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes . 

for incidentals .... 

Gross Cash Expenditures . ... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$13,121,365 00 
25,496,402 00 



,617,827 00 
19,989,059 00 

$18,628,768 00 
365,817 00 



$179,970 27 
47,441 41 

18,161 03 

7,720 79 
23,208 50 

$276,502 00 

Premiums. 

$149,203 95 
283,772 82 

$132,976 77 
203,361 25 

$229,615 52 
4,055 16 



$18,262,951 00 $225,560 36 



UNITED STATES BRANCH OF THE NORWICH UNION FIRE 
INSURANCE SOCIETY, NORWICH, ENGLAND. 

Resident Manager, J. Montgomery Hare. 

Office, No. 61 Wall Street, New York. 



Summary of Assets Dec 
United States bonds .... 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) . 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Gross Liabilities .... 



31, 1879. 

$490,437 50 

5 07 

60,220 03 

24,038 48 



$6,470 18 

2,500 00 

89,653 70 

416 67 



$574,701 08 



99,010 55 



Surplus $475,660 53 

Income. 
Cash received for fire premiums . . . $201,174 11 
Deduct re-insurance and return premiums . 20,813 27 

Net cash received for fire premiums . . $180,855 84 

Interest and dividends received from all sources . . . 9,109 37 



Gross Cash Income 



$189,705 21 



414 UNITED STATES BRANCHES OF [Dec. 31, 



Expenditures 

Cash paid for fire losses . . '. 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for state and local taxes 

for incidentals . . . 

Gross Cash Expenditures 



$26,162 42 
37 00 



$26,125 42 

29,671 50 

13,033 03 

3,141 91 

14,373 21 

$86,345 07 



Fire risks written during 1879 
Deduct risks expired and terminated 



Risks and Premiums. 

Premiums. 

$26,497,591 00 $184,895 78 
5, OSS, 328 00 10,891 02 



In force at end of year. 
Deduct amount re-insured 

Net amount in force 



$21,409,263 00 $174,004 76 
1,265,245 00 2,840 98 



$20,144,018 00 $171,163 78 



UNITED STATES BRANCH OF THE PHCENIX ASSURANCE 
COMPANY, LONDON, ENGLAND. 

Attorney, Alexander D. Irving. 

Office, No. 54 William Street, New York. 

Summary of Assets Dec. 31, 1879. 



United States bonds . _ . 

Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 

Gross Assets .... 
Deduct special deposits in other states 



Balance 



Liabilities 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
State and local taxes 
Commissions and brokerage . 
Return premiums, etc. . 

Gross Liabilities 
Deduct liabilities on special deposits 



$412,500 00 
14,636 59 

7,000 00 
17,606 06 



. 


$451,742 65 
103,125 00 


$5,026 26 

33,207 43 

79 00 

3,786 01 

211 54 


$348,617 65 



$42,310 24 
898 30 



41,411 94 



Surplus $307,205 71 



1879.] FOREIGN FIRE INSURANCE COS. 



415 



Income. 

Cash received for fire premiums . . . $44,141 92 
Deduct re-insurance and return premiums . 5,328 96 

Net cash received for fire premiums . . 

Interest and dividends received from all sources . 



Gross Cash Income 



,812 96 
7,000 00 

15,812 96 



Expenditures. 

Cash paid for fire losses ..... 
for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals . . . . 

Gross Cash Expenditures 



$6,755 92 
5,432 00 
2,664 85 
1,564 68 
7,758 92 

$24,176 37 



Risks and Premiums. 

Premiums. 

Fire risks written during 1879 . . $9,787,349 00 $64,329 77 

Deduct risks expired and terminated '. 956,386 00 1,187 85 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 



5,830,963 00 $63,141 92 
178,716 00 828 05 



5,652,247 00 $62,313 87 



UNITED STATES BRANCH OF THE QUEEN INSURANCE COM- 
PANY, LIVERPOOL, ENGLAND. 

Manager, William H. Ross. 

Office, No. 87 Wall Street, New York. 



Summary of Assets Dec 31, 1879. 



Cash value of unencumbered real estate 

United States bonds 

Cash deposited in various banks 

Premiums in course of collection (net) 

Rents accrued 

Special deposit in Pennsylvania 

Gross Assets .... 
Deduct special deposits in other states 



$299,737 31 

1,189,412 50 

116,860 34 

24,733 81 

3,783 33 

500 00 



,635,027 29 
213,737 50 



Balance $1,391,289 79 



416 UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 
Losses claimed and reported . • . 

Losses disputed or resisted . 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$90,614 09 
22,067 00 

$112,681 09 
15,241 80 

$97,439 29 
565,081 67 



$62,520 96 
35,769 00 



$626,751 96 



Surplus $764,537 83 



Income. 

Cash received for fire premiums . . $1,039,064 40 

Deduct re-insurance and return premiums . 116,133 94 

Net cash received for fire premiums . . 

Interest and dividends received from all sources . 
Income from rents ......... 



Gross Cash Income . 



- $922,930 46 

63,164 93 

19,805 31 

$1,005,900 70 



Expenditures. 

Cash paid for fire losses $585,019 85 

Deduct salvage and re-insurance . . . 18,857 28 

Net cash paid for fire losses .... $566,162 57 

Cash paid for commissions and brokerage .... 158,747 17 

for salaries of officers and employes . . . 41,363 21 

for state and local taxes 24,255 35 

for incidentals . . . .... 55,464 99 



Gross Cash Expenditures 



. $845,993 29 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$92,630,994 00 $1,028,257 19 
117,400,072 00 1,054,493 25 



Total . . . .* 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$210,031,066 00 $2,082,750 44 
96,602,936 00 971,436 96 



$113,428,130 00 $1,111,313 48 
330,794 00 5,880 52 



Net amount in force 



$113,097,336 00 $1,105,432 96 



1879.] FOREIGN FIRE INSURANCE COS. 417 

UNITED STATES BRANCH OF THE COMPAGNIE DE 
REASSURANCES GENERALES, PARIS, FRANCE.* 

Manager, John C. Paige. 

Office, No. 7 Exchange Place, Boston. 

Summary of Assets Dec 31, 1879. 
United States bonds ..... $309,000 00 
Cash deposited in Atlas National Bank . . 10,000 00 
Interest due and accrued .... 3,000 00 

Premiums in course of collection (gross) . 4,704 36 

Gross Assets - $326,704 36 

Liabilities. 

Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes . . . . 
Commissions and brokerage . 

Gross Liabilities ..... 3,723 80 



$2,368 50 


224 


08 


108 


65 


1,022 


57 



Surplus . . . . . ..... $322,980 56 

Income. 

Cash received from home office . . . . . . $10,000 00 



Total Income $10,000 00 

Risks and Premiums. 

Premiums. 

Fire risks written during 1879 . . . $429,158 00 $4,704 36 

Deduct risks expired and terminated . . 8,900 00 35 83 

Net amount in force .... $120,258 00 $4,668 53 



UNITED STATES BRANCH OF THE ROYAL INSURANCE 
COMPANY, LIVERPOOL, ENGLAND. 

Managers of New England Branch, Foster and Scull. 

Office, No. 53 Devonshire Street, Boston. 

Summary of Assets Dec. 31, 1879. 

United States bonds .... $2,318,41125 

Cash deposited in various banks . . . 170,071 02 
Interest due and accrued .... 53,600 00 

Premiums in course of collection (gross) . 158,911 73 

* Admitted Nov. 18, 1870. 



418 UNITED STATES BRANCHES OF [Dec. 31, 

Notes taken for marine and inland risks . . $600 00 

Re-insurance due . . . • . . 2,359 41 

Gross Assets $2,703,954 01 

Deduct special deposits in other states . . . . . . 292,875 00 



Balance . . . ■ . . . . . . $2,411,079 01 

Liabilities. 

Losses adjusted, unpaid $7,876 43 

claimed and reported . . . . 99,318 82 
disputed or resisted . . . . 11,211 50 
Unearned premiums on outstanding risks . 1,176,956 57 
Reclaimable on perpetual fire policies . . _ 21,923 67 
Life and annuity reserve fund . . . 121,550 00 

Commissions and brokerage .... 26,298 22 
Miscellaneous . . . . . . . 13,873 75 



Gross Liabilities .... $1,479,008 96 

Deduct liabilities on special deposits . . 158,973 56 

1,320,035 40 

Surplus $1,091,043 61 

Income. 

Cash received for fire premiums . . $1,835,653 97 

Deduct re-insurance and return premiums . 242,132 72 

Net cash received for fire premiums . . $1,593,521 25 

Interest and dividends received from all sources . . . 111,543 94 



Gross Cash Income ' . $1,705,065 19 

Expenditures. 
Cash paid for fire losses .... $1,083,063 90 
Deduct salvage and re-insurance . . . 104,473 46 

Net cash paid for fire losses .... $978,590 44 

Cash paid for commissions and brokerage .... 295,750 79 

for salaries of officers and employes . . . 107,807 03 

for state and local taxes . . .... 34,342 15 

for incidentals . . . .... '71,633 80 



Gross Cash Expenditures 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . $749,203 00 



51,488,124 21 



Risks and Premiums. 

Premiums. 

$202,691,483 00 $2,178,585 33 
219,203,288 00 1*807,288 14 



5421, 894,771 00 $3,985,873 47 
182,136,167 00 1,605,143 44 



$239,758,604 00 $2,380,730 03 
11,114,535 00 110,459 81 



$228,644,069 00 $2,270,270 22 



1879.] FOREIGN FIRE INSURANCE COS. 



419 



UNITED STATES BRANCH OF THE SCOTTISH COMMERCIAL 
INSURANCE COMPANY, GLASGOW, SCOTLAND. 

Resident Manager, E. W. Crowkll. 

Office, No. 40 Pine Street, New York. 

Summary of Assets Dec. 31, 1879. 

United States bonds $684,748 75 

Cash in the office of the company . . . 1,434 46 

Cash deposited in various banks . . . 14,354 3$ 

Premiums in course of collection (net) . . 43,787 19 
Premiums more than 3 months due, $1 ,587 18 

Gross Assets '. . . . . $744,324 73 

Deduct special deposits in other states . . 166,912 50 

Balance . . . . $577,412 23 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$58 00 
19,827 10 
24,866 66 

K4,751 76 
500 00 



1,251 76 
314,616 70 

$358,868 46 
42,425 45 



Surplus ...... 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Received from home office . $145,162 86 

Gross Cash Income ..... 

Expenditures. 

Cash paid for fire losses ..... 

Deduct salvage and re-insurance 

Net cash paid for fire losses .... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 

for state and local taxes . 

for incidentals .... 

(iross Cash Expenditures .... 



,$602,453 60 
80,850 16 



$405,642 05 
15,489 46 



316,443 01 
$260,969 22 



$521,603 44 

28,480 85 

$550,084 29 



$390,152 59 
86,962 95 
41,818 54 
20,141 35 
42,215 13 

$581,290 56 



420 



UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

,631,353 00 $647,094 35 
62,879,733 00 602,453 60 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



1125,511,086 00$1,249,547 95 
64,037,161 00 592,277 62 



^61,473,925 00 $657,270 33 
2,418,195 00 24,181 95 



$59,055,730 00 $633,088 38 



UNITED STATES BRANCH OF THE TRANSATLANTIC FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Henry Honig. 

Office, New York. 



Summary of Assets Dec. 31, 1879. 

United States bonds $403,162 50 

Cash in the office of the company . . . 1,178 86 

Cash deposited in Bank of New York . . 17,628 00 

Premiums in course of collection (gross) . . 8,254 01 

Gross Assets ...... 

Deduct special deposits in other states . . ... 



$430,223 37 
103,375 00 



Balance . $326,848 37 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$25,774 90 

89,956 30 

1,382 02 

$117,113 22 
5,199 23 



111,913 99 



Surplus .... $214,934 38 

Income. 

Cash received for fire premiums . . . $196,426 98 
Deduct re-insurance and return premiums . 22,297 00 

Net cash received for fire premiums . . : — $174,129 98 

Interest and dividends received from all sources . . . 15,897 25 
Income from all other sources . . .... 163 12 

Received from home office .... $40,543 75 



Gross Cash Income 



$190,190 35 



1879.] FOREIGN FIRE INSURANCE COS. 421 



Expenditures. 



Cash paid for fire losses 



for commissions and brokerage 
for salaries of officers and employes 
for state and local taxes . 
for incidentals . 

Gross Cash Expenditures 



. $155,139 71 

29,819 95 

23,112 13 

2,410 73 

13,471 21 

. $223,953 73 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$11,404,917 00 $149,861 65 
17,658,551 00 193,422 98 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$29,063,468 00 $343,284 63 
13,703,810 00 166,129 54 



$15,359,658 00 $177,155 09 
12,200 00 85 25 



$15,347,458 00 $177,069 84 



UNITED STATES BRANCH OF THE WESTERN ASSURANCE 
COMPANY, TORONTO, CANADA. 

New England Agent, George O. Carpenter. 

Office, No. 1 Merchants' Exchange, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds ... . . . $466,000 00 $494,420 00 

Georgia state bonds 25,000 00 25,625 00 

Mississippi deposit 15,000 00 15,000 00 



$506,000 00 $535,045 00 



Summary of Assets Dec. 31, 1879. 



Bonds, etc., as per schedule . 
Cash deposited in various banks 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 

Gross Assets . 
Deduct special deposits in other states , 

Balance ...... 



$535,045 00 

80,291 50 

57,672 89 

7,694 09 



$080,703 54 
307,825 00 

$372,878 54 



422 UNITED STATES BRANCHES OF [Dec. 31, 

Liabilities. 

Losses adjusted, unpaid $49,376 09 

Losses disputed or resisted .... 3,625 00 

Unearned premiums on outstanding risks . 262,878 24 

Commissions and brokerage .... 14,418 22 

Gross Liabilities ' $330,297 55 

Deduct liabilities on special deposits . . 120,874 49 

$209,423 06 



Surplus ... . . . .... $163,455 48 



Income. 

Cash received for fire premiums . . . $594,619 92 

Deduct re-insurance and return premiums . 78,763 05 

Net cash received for fire premiums . . $515, 85G 87 

Cash rec'd for marine and inland premiums . $17,357 87 

Deduct re-insurance and return premiums . 1,863 94 

Net cash rec'd for marine and inland prems. . 15,493 93 

Unpaid premium notes rec'd during the year . $8,469 09 

Interest and dividends received from all sources . . . 30,456 63 

Gross Cash Income ........ $561,807 43 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for state and local taxes . 

Gross Cash Expenditures 



$330,600 94 
16,160 72 

$8,844 07 
2,306 76 



$314,440 22 



6,537 31 

105,890 89 
37,714 42 
14,478 90 

$479,061 74 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 



Risks and Premiums. 

Premiums. 

$42,978,704 00 $436,878 37 
50,574,924 00 594,619 92 



Total ....... 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$93,553,628 00 $1,031,498 29 
52,681,964 00 499,434 78 



$40,871,664 00 $532,063 51 
1,308,746 00 18,634 25 



Net amount in force 



,562,918 00 $513,429 26 



1879.] FOREIGN FIRE INSURANCE COS. 423 

Marine risks outstanding Dec. 31, 1878 . . $65,250 00 $3,418 25 
Marine risks written daring 1879 . . . 6,566,565 00 18,008 77 



Total $6,631,815 00 $21,427 02 

Deduct risks expired and terminated . . 6,615,315 00 20,576 02 



In force at end of year .... $16,500 00 $851 00 



424 U. S. BRANCHES OF FOR. INS. COS. [Dee. 31, '79. 



AGGREGATE. 



Gross present Assets *...... 


$20,730,902 00 


Gross present Liabilities! 


$9,750,974 00 


Income. 




Net cash received for fire premiums .... 


$13,633,394 00 


Net *cash received for marine premiums 


38,245 00 


Unpaid premium notes . . . $12,214 00 




Interest received from all sources .... 


806,877 00 


Income from all other sources ..... 


80,594 00 


Total Income ....... 


$14,559,110 00 


Expenditures. 




Net cash paid for fire losses ..... 


$8,531,285 00 


Net cash paid for marine losses . 






26,118 00 


Cash paid for commissions and brokerage . 






2,348,803 00 


for salaries of officers and employes 






898,016 00 


for state and local taxes 






309,955 00 


for all other items 






807,415 00 


Total Expenditures ...... 


$12,921,592 00 


Risks and Premiums. 




Fire risks written during the year 


$1,866,509,623 00 


Premiums thereon 










15,789,372 00 


Marine risks written during the year 










12,846,967 00 


Premiums thereon 










42,546 00 


Fire risks terminated . 










1,449,780,868 00 


Marine risks terminated 










12,876,417 00 


Fire risks outstanding at end of year 


* 








1,643,780,783 00 


Marine risks outstanding at end of year 




231,250 00 



* Immediately available for the payment of losses in this state. 

f Not including liabilities in states wherein special deposits have been made. 



FOREIGN FIRE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities of Canadian 

Companies for the Year ending Dec. 31, 1879, and 

of the European Companies for the Year 

ending Dec. 31, 1878, with Abstract 

of Annual Statements. 



54 



426 



FOREIGN FIRE 



[Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



BRITISH AMERICA ASSURANCE COMPANY, TORONTO, 

CANADA. 

[Incorporated 1833. Commenced business 1833.] 

Paid-up Capital, $500,000. 

P. Paterson, Governor. Manager, F. A. Ball. 



Detailed Statement of Stock 

United States bonds 

Dominion government bonds 

Canada bonds, 4s . 

Toronto city debentures . 

Hamilton city debentures 

Sarnia town debentures . 

Yorkville village debentures 

Pt. Perry village debentures 

Middlesex county debentures 

West Gwillimbury county debentures 

Canadian Bank of Commerce stock 

Dominion Bank stock 

Ontario Bank stock 

Hamilton Bank stock 

Federal Bank stock 

Toronto Bank stock 

Canada Permanent Loan and Savings Co. 

Imperial Loan and Investment Company 

Farmers' Loan and Savings Company 

Freehold Loan and Savings Company 

Ontario Savings and Investment Society 

Western Canada Loan and Savings Company 

Huron and Erie Saving and Loan Society 

Canada Landed Credit Company 

Mississippi state deposit .... 



s, Bonds, 

Par value 

$475,000 

50,000 

8,760 

24,000 

6,540 

4,000 

1,000 

11,000 

20,000 

615 

24,000 

10,000 

11,800 

3,500 

4,200 

10,000 

19,500 

5,000 

1,600 

15,120 

5,000 

6,200 

40,950 

2,820 

15,000 



Etc. 

Market value. 

00 $524,625 00 

00 50,250 00 

00 8,439 40 

00 24,460 00 

00 5,832 00 

00 4,000 00 

00 1,000 00 

00 9,900 00 

00 20,400 00 

00 615 00 

00 27,600 00 

00 11,500 00 

00 8,378 00 

00 3,465 00 

00 4,242 00 

00 12,250 00 

00 34,125 00 

00 5,250 00 

00 1,791 00 

00 21,924 00 

00 6,500 00 

00 9,114 00 

00 53,235 00 

00 3,666 00 

00 15,000 00 



$775,605 00 $867,561 40 



1879.] 



INSURANCE COMPANIES. 



427 



Summary of Assets Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc , as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks 
Salvage on losses paid .... 
Rents due and accrued .... 
Office furniture .... $6,422 21 
Gross Assets ...... 



31, 1879. 

$112,790 09 

21,945 00 

2,095 27 

867,561 40 

50,837 10 

70,061 96 

14,503 11 

137,469 59 

50,581 74 

8,873 85 

767 22 



,337,486 33 



Liabilities. 

Losses claimed and reported . 
Losses disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Commissions and brokerage . 
Re-insurance due . . . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 



$150,643 65 
2,500 00 



$153,143 65 
5,250 00 

#147,893 6d 

449,709 96 

26,591 83 

26,353 34 

1,739 84 



652,288 62 



. $685,197 71 
. 500,000 00 



Surplus over Capital 



. $185,197 71 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland prems. 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prcins. 

Unpaid premium notes rec'd during the year 

Interest received on bonds and mortgages 

Interest and dividends received from all othei 

Income from rents ..... 



$825,090 72 
92,705 89 



$151,340 48 
39,586 51 

$11,538 41 

sources . 



1732,324 83 



111,753 97 

1,689 19 

38,fi33 95 

3,779 10 



Gross Cash Income 



,181 34 



428 



FOREIGN FIRE 



[Dec. 31, 



EXPENDITURES. 

< 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for lire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures 



$431,178 69 

17,588 83 

$107,292 76 
30,062 61 



1413,589 86 



77,230 15 
49,920 74 
141,090 07 
33,405 84 
12,683 52 
57,264 39 



5,184 57 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1878 
Fire risks written during 1879 

Total . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1878 
Marine risks written during 1879 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$65,874,505 00 $706,304 95 
99,974,999 00 811,961 43 



$165,849,504 00 $1,518,266 38 
78,136,544 00 682,515 03 



$87,712,960 00 
2,186,088 00 



535,751 35 
29,880 17 



$85,526,872 00 $805,871 18 



$581,630 00 
17,745,080 00 

^18,326,710 00 
17,585,172 00 

$741,538 00 
27,300 00 



$32,695 70 
152,593 47 



5,289 17 
141,377 61 



$43,911 56 
1,107 47 



$714,238 00 $42,804 09 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Losses incurred during the year . . . . 

Company's stock owned by directors . 



57,933,114 72 

4,910,353 29 

610,807 28 

50,000 00 

569,448 80 

70,750 00 



1879.] 



INSURANCE COMPANIES. 



429 



CAISSE GENERALE DES ASSURANCES AGR1COLES, PARIS, 

FRANCE. 

[Incorporated Dec. 30, 1858. Commenced business Dec. 30, 1858.] 
Paid-up Capital, $1,080,000. 
Charles Le Cesne, President. Secretary, A. B. de Chauvigne. 

Office, No. 28 and 30 Rue de Grammont, Paris. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 1349,000 00 $382,901 29 

Italian government loan . . . . . - 14,976 32 

Company's bonds redeemed .... - 8,942 00 



$406,819 61 



Summary of Assets Dec. 31, 1878. 



Stocks, bonds, etc., as per schedule 

Cash in the office of the company . 

Cash deposited in various banks and agencies 

Interest due and accrued 

Premiums in course of collection (gross) 

Bills receivable 

Rents discounted . . . . 

Government tax stamps . . . . 

Advanced on judgments .... 

Deferred premiums on policies of various 
periods, but not exceeding 10 years, called 
the company's portfolio . $4,230,772 67 

Less amount re-insured . . 829,193 68 



$406,819 61 

1,252 96 

45,958 74 

12,000 20 

308,069 84 

14,963 31 

4,524 66 

14,900 33 

5,664 89 



Commissions due from re-insuring companies 
on the above (25 per cent) .... 

Annual proportion of recuperated commissions 
on cancellations . . . . . 

Due from other companies for re-insurance 

Suspense account ...... 

Office furniture and supplies .... 
Gross Assets ...... 



3,401,578 99 

207,298 42 

252,152 60 

116,499 53 

19,728 86 

16,477 10 



t,827,889 94 



Liabilities. 



Losses adjusted, unpaid . 
Losses claimed and reported 

Total amount of losses . 
Loss re-insurance 

Net amount of unpaid losses 



$50,174 69 
115,039 94 

$165,214 63 
38,209 98 

$127,001 65 



430 FOREIGN FIRE [Dec. 31, 

Unearned premiums on outstanding risks, $2,171,857 07 
Unpaid scrip ordered to be redeemed • . . 226,950 00 

Gross Liabilities, except Capital . . $2,525,811 72 



Surplus as regards policy-holders ..... $2,302,078 22 
Paid-up Capital ......... 1,680,000 00 



Surplus over Capital $622,078 22 

Income. 

Cash received for fire premiums . . $1,432,268 08 
Deduct re-insurance and return premiums . 298,749 88 

Net cash received for fire premiums . . $1,133,518 20 

Interest and dividends received from all sources . . . 24,276 86 



Gross Cash Income " . $1,157,795 06 

Expenditures. 

Cash paid for fire losses . . . . . $724,691 34 
Deduct salvage and re-insurance . . . 125,793 62 

Net cash paid for fire losses .... $598,897 72 

Cash paid for redemption of scrip . . .... 17,550 00 

for commissions and brokerage . . . . 341,716 47 

for salaries of officers and employes . . . 92,346 29 
for state and local taxes . . .... 23,468 56 



Gross Cash Expenditures . . . ... $1,073,97904 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877, $4,007,331,434^00 $4,085,834 48 
Fire risks written during 1878 . .1,144,204,789*00 1,577,206 26 



Total $5,151,536,223 00 $5,663,040 74 

Deduct risks expired and terminated . 898,778,632 00 1,432,268 08 



In force at end of year ... $4,252,757,591 00 $4,230,772 66 

Deduct amount re-insured . . . 207,338,445 00 829,193 68 



Net amount in force . . $4,045,419,146 00 $3,401,578 98 

Miscellaneous. 

Losses paid from organization of company . . . $5,386,037 07 
Fire losses incurred during the year 724,961 24 



1879.] 



INSURANCE COMPANIES. 



431 



COMMERCIAL UNION ASSURANCE COMPANY, LONDON, 

ENGLAND. 

[Incorporated Sept. 28, 1861. Commenced business Oct. 1, 1861.] 

Paid-up Capital, $1,250,000. 

Alexander Sim, Chairman. Secretary, S. Stanley Brown. 

Office, Nos. 19 and 20 Corrilrill, London. 



Detailed Statement of Stocks, Bonds, 



Consols ..... 

New 3 per cents 

Reduced 3 per cents 

New Zealand government bonds 

Canada Dominion loan . 

Canada Dominion stock . 

India government paper . 

United States bonds 

Brazilian government stock 

Belgian rentes 

Swedish loan, 1876 

French treasury bonds . 

Scinde, Delhi, and Punjaub Railway 

Great Indian Peninsular Railway . 

Philadelphia and Reading Railroad bonds 

Pittsburg and Connesville Railroad, bonds 

Alleghany Valley Railroad bonds . 

Paris, Lyons, and Mediterranean Railroad bonds 

Trust and Loan Company of Canada debentures 

Odessa water works bonds 

City of Wellington debenture bonds 

New Zealand Loan Company bonds 

Sheffield corporation debentures 

Oamara water works debentures 

Kew and other bridges bonds .... 

London and North- Western ordinary stock 

London and North- Western preferred stock . 

North-Eastern consols ..... 

North- Eastern preferred stock 

Manchester, Sheffield, and Lincoln Railroad stock 

North British consolidated preferred stock 

North British convertible preferred stock 

Great Northern preferred stock 

Southwark and Vauxhall Water Company shaves 

Gas-Light and Coke Company stock 



Etc. 

Cost value. 

146,357 35 

183,214 16 

92,537 51 

74,906 25 

51,928 12 

50.150 00 
3,958 34 

1,268,867 17 

8,269 92 

50,077 85 

48,144 16 

100,937 02 

86,570 43 

29,385 79 

13,612 50 

6,768 86 

14.151 25 
53,116 37 
25,000 00 
25,000 00 

127,218 76 

100,000 00 

75,000 00 

51,862 50 

76,969 60 

36,682 90 

9,000 00 

101,250 00 

10,725 00 

50,670 39 

23,993 29 

30,425 68 

10,390 08 

50,000 00 

24,893 76 



.|3,01S,0H 01 



432 



FOREIGN FIRE 



[Dec. 31, 



Securities held as collateral for cash loans : 

Orel Vitebsk Railway bonds . 
Loaned on mortgages, reversions, etc. 
Loaned on personal security . 



Loaned thereon. 

$15,000 00 

322,358 16 

93,181 37 

$430,539 53 



Summary of Assets Dec 

Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc, as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Re-insurance due from other companies 
Stamps on hand 
Suspense account . 
Office furniture and fixtures 
Assets of Life Department 
Gross Assets . 



31, 1878. 

$524,067 47 

873,368 45 

1,835 93 

3,018,041 01 

430,539 53 

691 22 

397,065 69 

4,175 91 

690,663 91 

144,177 86 

15,235 88 

2,928 78 

2,856 80 

10,150 78 

2,952,903 33 



-$9,068,702 55 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Life and annuity reserve fund 
Dividends to stockholders unpaid 
Commissions and brokerage . 
Surveys . . . 
Fire deposits, bills payable 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . . . 



Surplus over Capital 



$324,515 00 

1,463,805 47 

2,952,903 33 

248 76 

24,004 02 

63 00 

12,755 94 



- 4,778,295 52 

$4,290,407 03 
. 1,250,000 00 



$3,040,407 03 



Income. 

Cash received for fire premiums $2,988,219 02 

Cash received from marine and inland premiums . . . 875,243 69 
Interest and dividends received from all sources . . . 210,408 86 
Inc from marine policy stamps, $94.88; trans, fees, $187.50, 282 38 

Income from Life Department . . .... 750,534 04 

Gross Cash Income ....... $4,824,687 99 



1879.] 



INSURANCE COMPANIES. 



433 



Expenditures. 
Cash paid for fire losses . ' . . . ... $1,652,40714 

paid for marine losses . . . .... 697,386 08 

dividends paid . 187,414 37 

paid for commissions and brokerage .... 567,782 96 

for salaries of officers and employes . . . . ) j-™ n,-,* ^ 9 

for state and local taxes . . . ■ . . . ) 

for subscriptions, $4,198.21 ; bad debts, $2,615.73, 6,843 94 

Investment reserve fund, $15,426.35; Life Dept., $551,343.20, 566,769 55 



Gross Cash Expenditures . 



:,229,220 06 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
Fire risks written during 1878 

Total . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
Marine risks written during 1878 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year 



Premiums. 



$1,532,873,995 00 $6,235,099 93 
752,091,280 00 3,117,895 93 



$665,337,645 00 $2,771,539 93 
867,536,350 00 3,463,560 00 



,782,715 00 $3,117,204 00 
117,052,268 00 460,929 39 



$663,730,447 00 $2,656,274 61 

$37,252,130 00 $479,540 00 
98,102,160 00 1,016,055 00 



1135,354,290 00 $1,495,595 00 
103,905,370 00 1,070,095 00 



$31,448,920 00 $425,500 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Fire losses incurred during the year . ... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 

55 



$39,391,704 00 
25,543,055 00 
2,045,000 00 
187,500 00 
1,466,569 61 
670,776 08 
179,075 00 



434 



FOREIGN FIRE 



[Dec. 31, 



LA CONFIANCE INSURANCE 'COMPANY, PARIS, FRANCE. 

[Incorporated 1844. Commenced business 1844.] 

Paid-up Capital, 2,400,000 francs. 

E. Duclerc, President. Secretary, H. Charlon. 

Detailed Statement of Stocks, Bonds, Etc. 

Market value. 

fr. 1,933,126 20 



French government bonds 
Italian government bonds 
Paris city obligations 
French railroad bonds 
Bonds of agents 



106,890 00 

442,795 75 

7,205 30 

139,666 61 

fr. 2,629,683 86 



Summary of Assets Dec. 31, 1878. 

Cash value of unencumbered real estate . fr. 797,554 01 

Stocks, bonds, etc., as per schedule. . 2,629,683 86 

Cash in the office of the company . . 504,331 25 

Cash deposited in various banks . . 381,125 85 

Premiums in course of collection (gross) . 923,421 49 

Premiums to be received . . . 22,992,418 79 

Miscellaneous 60,421 45 

Gross Assets ..... — ' 



fr. 28,288,956 70 



Liabilities. 



Losses adjusted, unpaid 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Bills payable ..... 
All other liabilities .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



fr. 660,453 41 

160,628 76 

ff. 499,824 65 

20,516,902 28 

600 00 

125 00 

6,093 82 

702,459 42 



Surplus over Capital 

Income, 

Cash received for fire premiums . fr. 5,898,427 31 

Deduct re-insurance and return premiums, 1,652,492 85 
Net cash received for fire premiums . — 

Interest and dividends received from all sources 
Income from rents ...... 

Income from policy fees, etc. .... 



21,726,005 17 

fr. 6,562,951 53 
2,400,000 00 

fr. 4,162,951 53 



fr. 4,245,934 46 

175,944 75 

95,301 24 

25,688 20 



Gross Cash Income 



. fr. 4,542,868 65 



1879.] 



INSURANCE COMPANIES. 



435 



Expenditures. 

Cash paid for fire losses . 

for commissions and brokerage 
for salaries of officers and employe's 
for state and local taxes . 
for incidentals . - . 

Gross Cash Expenditures 



fr. 2,354,390 94 

1,129,562 77 

350,000 00 

147,728 11 

18,959 80 



fr. 4,000,641 62 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877, fr. 3,744,847,218 00 fr. 4,061,079 16 
Fire risks written during 1878 . 3,946,565,940 00 4,245,934 46 



Total . . . . . fr. 7,691,413,158 00 fr. 8,307,013 62 
Deduct risks expired and terminated, 3,744,847,218 00 4,061,079 16 

In force at end of year . ' . fr. 3,946,565,940 00 fr. 4,245,934 46 

Miscellaneous. 

Premiums received from organization of company . fr. 58,890,139 46 

Losses paid from organization of company . . . 29,880,015 29 
Cash dividends declared from organization of company . 1,970,000 00 



GUARDIAN FIRE AND LIFE ASSURANCE COMPANY, 
LONDON, ENGLAND. 

[Incorporated Dec. 17, 1821. Commenced business Dec. 17, 1821.] 

Paid-up Capital, $5,000,000. 

Richard M. Harvey, Chairman. Secretary, Thomas G. C. Browne. 

Office, No. 11 Lombard Street, London. 



Detailed Statement of Stocks, Bonds, Etc. 



Reduced 3 per cent annuities 
New 3 per cent annuities 
Government terminable annuities . 
Canada Dominion bonds 
India 5 per cent debentures . 
India 5£ per cent notes . 
Metropolitan Board of Works stock 
Bank of England stock 
City of London bonds . 
Great Eastern Railroad stock 
South-Eastern Railroad stock 
South- Western Railroad stock 



Par value. 

1171,950 85 
478,204 56 

34,036 40 
445,000 00 

50,000 00 

ill, 000 00 
158,872 06 

16,199 71 
251,000 00 
125,000 00 
250,000 00 

50,000 00 



Market value. 

$161,633 79 
449,512 27 

31,036 40 
458,350 00 

39,500 00 

72,117 50 
155,297 46 

40,094 27 
251,000 00 
118,750 00 
312,500 00 

51,500 00 



436 



FOREIGN FIRE 



[Dec. 31, 



Great Western Railroad stock 
Metropolitan Railroad stoqk . 
London and Brighton Railroad stock 
Manchester and Sheffield Railroad stock 
Great Eastern Railroad stock 
Glasgow and South-Western Railroad stock 
Midland Railroad rent charge stock 
London and Blackwall R.R. consol'd stock 
City of Glasgow Union Railroad stock . 
London and St. Katharine D'ks Co. deb. st'k, 
London and St. Katharine D'ks Co. pref. st'k, 
East Indian Railroad debentures stock . 
East Indian Railroad debentures bonds 
India government debentures 
Grand Junction water works bonds 
Mersey Docks and Harbor Board bonds 
Land Securities Company bonds . 
London and St. Katharine Docks Co. bonds 
Prince Edward Island bonds . 
South Australian government bonds 
Victoria (Australia) government bonds 
New South Wales government bonds . 
Cape of Good Hope government bonds 
Ceylon government bonds 
Canada Dominion stock 
United States bonds 
Scinde, Punjanb, and Delhi Railway shares 
Madras Railway stock . 
South Indian Railway stock . 
Oude and Rohilkund Railway stock 



$225,000 00 

170,000 00 

200,000 00 

250,000 00 

250,000 00 

100,000 00 

50,000 00 

50,000 00 

200,000 00 

25,000 00 

50,000 00 

125,000 00 

150,000 00 

75,000 00 

100,000 00 

250,000 00 

225,000 00 

50,000 00 

50,000 00 

132,500 00 

150,000 00 

138,000 00 

184,000 00 

20,000 00 

103,092 83 

745,000 00 

37,500 00 

25,000 00 

25,000 00 

15,000 00 



1231,750 

170,000 

224,000 

277,500 

272,500 

99,250 

49,875 

53,750 

231,500 

24,500 

50,625 

133,437 

149,625 

72,375 

mo, 000 

250,000 

225,000 

50,000 

52,500 

133,850 

140,000 

140,085 

168,498 

20,800 

103,092 

798,156 

42,437 

27,750 

28,000 

17,100 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
75 
00 
83 
25 
50 
00 
00 
00 



Securities held as collateral for cash loans 

Life interests and policies assigned 
Annuities and reversions purchased 
Loaned on companies' policies 

on local and public rates . 

to New London and Brazilian Bank 



$6,291,356 41 $6,512,249 52 



Loaned thereon. 

$771,701 37 

349,210 17 

167,050 83 

199,821 53 

5,100 00 



$1,492,883 90 



Summary of Assets Dec. 31, 1878. 

Cash value of unencumbered real estate . $165,355 00 
Loans on mortgage of real estate (first liens), 6,039,269 16 
Stocks, bonds, etc., as per schedule . . 6,512,249 52 
Loans on collateral security, as per schedule . 1,492,883 90 
Cash in the office of the company . . 2,079 96 



1879,] 



INSURANCE COMPANIES. 



43 r 



Cash deposited in various banks . 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



$288,617 46 
112,434 02 
322,469 68' 



-$14,935,358 70 



Liabilities. 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Life and annuity reserve fund 
Annuity and endowment fund 
Dividends to stockholders unpaid . 
Dae and accrued for rent, salaries, etc. 
Re-insurance premiums due . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



1100,890 00 
581,000 00 

7,346,745 25 
30,655 63 
23,889 13 
13,334 60 
59,601 77 



8,156,116 38 

$6,779,242 32 
5,000,000 00 

$1,779,242 32 



$1,510,092 40 
. 218,988 08 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . — 

Interest received on bonds and mortgages 

Income from life department 

Income from annuity and endowment department 

Gross Cash Income 

Expenditures 

Cash paid for fire losses $822,408 

Deduct salvage and re-iusurance . . . 166,684 

Net cash paid for fire losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

Cash paid for salaries of officers and employes 

Depreciation and bad debts . 

Life Department expenses 

Gross Cash Expenditures 

Risks and Premiums. 



$1,291,104 32 

308,818 68 

896,499 55 

4,868 22 

$2,501,290 77 



96 
12 



5,724 84 

325,000 00 

201,195 22 

149,371 06 

11,975 78 

816,985 52 

$2,160,252 42 



Fire risks outstanding Dec. 31, 1877 
Fire risks written during 1878 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 



$261,094,400 
514,378,690 



Premiums. 

00 $942,240 00 
00 1,291,100 00 



$775,173,090 
478,312,500 



00 $2,23:5,3 10 00 
00 1,090,230 00 



$297,160,590 00 $1,143,110 00 



438 



FOREIGN FIRE 



[Dec. 31, 



Miscellaneous. 

« 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Fire losses incurred during the year 

Company's stock owned by directors 



116,790,259 32 
. 8,578,969 84 
10,071,250 00 
. 655,724 84 
. 171,000 00 



HAMBURG-BREMEN FIRE INSURANCE COMPANY, 
HAMBURG, GERMANY. 

[Incorporated 1854. Commenced "business Jan. 1, 1855.] 

Paid-up Capital, $300,000. 

William Gossler, President. Managing Director, Alfred Klauhold. 

Office, No. 15 Rathhaiismarkt. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
German Empire bonds . 

6 shares German Reichs Bank 
150 " Norddeutsche Bank 
100 " Vereins Bank 
Hamburg government bonds . 
German Railroad bonds . 



Par value. 

$664,000 00 

25,000 00 

4,500 00 

28,125 00 

3,000 00 

21,900 00 

108,412 50 



Market value. 

$702,070 00 

23,750 00 

7,020 00 

39,375 00 

4,406 25 

22,366 50 

98,833 50 



$854,937 50 $897,821 25 



Summary of Assets Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $83,491 96 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Premiums in course of collection (net) 
Prime acceptances .... 
Gross Assets .... 



897,821 25 
2,579 24 

147,559 27 
63,574 62 
39,095 96 



51,234,122 30 



Liabilities. 



Losses claimed and reported 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Re-insurance due .... 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 



Surplus over Capital 



$81,713 79 
50,686 61 

$31,027 18 

324,437 91 

60 00 

210,176 37 



565,701 46 

$668,420 84 
300,000 00 

$368,420 84 



* Value of lands mortgaged . 
Value of buildings thereon 



$66,546 25 
126,550 00 



1879.] 



INSURANCE COMPANIES. 



439 



Income. 

Cash received for fire premiums . . . $616,224 85 
Deduct re-insurance and return premiums . 267,257 65 

Net cash received for fire premiums . . $348,967 20 

Interest and dividends received from all other sources . . 31,901 38 

Gross Cash Income $380,868 58 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 

Gross Cash Expenditures 



$366,133 06 
210,542 89 



$155,590 17 

62,250 00 

107,898 97 

60,717 55 

7,661 89 

$394,118 58 



Fire risks outstanding Dec. 31, 1877 



Fire risks written during 1878 



Risks and Premiums. 

Premiums. 

1126,572,380 00 $663,264 77 
111,760,710 00 616,224 85 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$238,333,090 00 $1,279,489 62 
140,207,783 00 644,041 64 



$98,125,307 00 $635,447 98 
43,162,052 00 343,043 50 



$54,963,255 00 $292,404 48 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$7,126,380 25 
. 2,088,512 00 
. 531,250 00 
. 132,702 17 
21,975 00 



440 



FOREIGN FIRE 



[Dec. 31, 



HAMBURG-MAGDEBURG FIRE INSURANCE COMPANY, 
HAMBURG, GERMANY. 

[Incorporated March 21, 1876. Commenced business April 4, 1876.] 

Paid-up Capital, $625,000. 

Rudolph Gotte, President. Secretary, John Hupeden. 



Detailed Statement of Stocks, 



Berlin-Hamburg Railway preferred stock 

Altona-Kiel Railway preferred stock 

Rhenish Railway preferred stock 

Hamburg state loans 

Bremen state loans . 

Altona town loans . 

Russian consols 

Imperial German loan 

Brazilian Apolices Geraes 

American funded loan 



Bonds, Etc. 

Par value. 

$4,125 00 
6,500 00 
4,650 00 

27,675 00 
9,675 00 

10,000 00 

12,500 00 

1,125 00 

5,000 00 

282,000 00 



Market value. 

$4,179 84 
6,565 00 
4,824 38 

27,853 50 
9,795 94 

10,100 00 

11,921 87 

1,071 56 

4,690 35 

295,395 00 



$363,250 00 $376,397 44 



Securities held as collateral for cash loans : — 



162 shares German Railway . 

38 " Hamburg Bank 
173 " German loans 

55 " Russian state loan . 

43 " Austria- Hungarian loan 

11 " Swedish loan . 



Market value. Loaned thereon. 

$14,575 00 $13,000 00 



7,965 00 
29,930 00 

8,630 00 
14,200 00 

2,262 50 



7,000 00 
26,125 00 

7,500 00 
12,375 00 

2,025 00 



$77,562 50 $68,025 00 



Summary of Assets Dec. 31, 1878. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



5,228 58 

223,250 00 

2,259 28 

376,397 44 

68,025 00 

36,409 19 

21,411 91 

1,322 76 

46,475 21 



$813,779 37 



1879.] 



INSURANCE COMPANIES. 



441 



Liabilities. 



Losses adjusted, unpaid . 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital ..... 



Surplus over Capital 



$30,608 50 
4,128 25 



$26,480 25 

125,350 62 

22,500 00 

11,948 50 



$186,279 37 

$627,500 00 
625,000 00 

$2,500 00 



Income. 

Cash received for fire premiums . . . $583,999 05 

Deduct re-insurance and return premiums . 166,766 33 

Net cash received for fire premiums . . $417,232 72 

Interest received on bonds and mortgages .... 10,392 75 
Interest and dividends received from all other sources . . 18,212 92 

Income from other sources . . . .... 5,364 58 

Gross Cash Income $451,202 97 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance ,. 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 
for incidentals 

Gross Cash Expenditures . . . 



$234,238 96 
24,022 99 



$210,215 97 

77,798 55 

8,634 25 

2,990 41 

8,785 04 

$308,424 22 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
Fire risks written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
56 



Premiums. 

$58,965,416 00 $136,285 07 
113,569,398 00 447,713 9S 



. $172,534,814 00 $583,999 05 
85,722,854 00 353,767 92 



$86,811,960 00 $230,231 13 
10,091,610 00 55,961 21 



$76,720,350 00 $174,269 92 



442 



FOREIGN FIRE 



[Dec. 31, 



IMPERIAL FIRE INSURANCE COMPANY, LONDON, ENG. 

[Incorporated 1803. Commenced business 1803.] 
Paid-up Capital, $3,500,000. 
William Hawthorn, Chairman. 

General Manager and Secretary, Edward C. Smith. 
Office, No. 1 Old Broad Street, London. 



Detailed Statement of Stocks, 



3 per cent consols . 

New 3 per cents 

Reduced 3 per cents 

Canada guaranteed loan . 

Bank of England stock . 

Blackfriars Bridge bonds 

Holborn Viaduct bonds . 

Metropolitan Cattle Market bonds 

East and West India Dock Co. debentures 

Mersey Docks bond .... 

London and St. Kath. Dock Co. debentures 
London and St. Katharine Dock Co. stock 
General Steam Navigation Co. pref. shares 
Glasgow Union Railway preferred shares 
Great Eastern Railway stock . 
Great Northern Railway stock 
Great Western Railway stock . 
Llynvi and Ogmore Railway stock . 
London, Brighton, and S. Coast Railway stock 
London and North- Western Railway stock 
London and South- Western Railway stock 
Metropolitan Railway preferred stock 
Midland Railway preferred stock . 
North British Railway preferred stock . 
North-Eastern Railway preferred stock . 
East Indian Railway debentures 
Oude and Rohilkund Railway debentures 
Madras Railway stock .... 

India stock ...... 

Cape of Good Hope government deb. bonds 
Victorian government debentures . 
New South Wales government debentures 
Queensland government debentures 
South Australian government bonds 
New Zealand government debentures 
Prince Edward Island government bonds 
Canada stock ...... 

Tennessee bonds ... 

United States bonds .... 



Bonds, Etc. 

Par value. Market value. 

$473,015 00 $449,363 00 

,097,580 00 1,041,327 00 

250,000 00 237,187 00 



315,000 00 

100,000 00 
50,000 00 
97,500 00 
35,000 00 

100,000 00 
75,000 00 
75,000 00 

175,000 00 
50,000 00 

100,000 00 

162,500 00 

317,875 00 
60,000 00 
7<), 000 00 
10,000 00 
18,000 00 
55,000 00 
30,000 00 
30,000 00 

100,000 00 
70,000 00 
80,000 00 

100,000 00 
75,000 00 

100,000 00 

100,000 00 
75,000 00 
50,000 00 
65,000 00 
15,000 00 

200,000 00 
25,000 00 

100,067 00 
6,000 00 

642,800 00 



327,600 00 

250,000 00 
50,000 00 
97,812 00 
35,000 00 
99,000 00 
75,000 00 
74,750 00 

180,250 00 
52,500 00 

116,000 00 

177,000 00 

327,727 00 
71,750 00 
93,100 00 
11,200 00 
17,820 00 
56,950 00 
36,000 00 
32,100 00 
95,000 00 
69,700 00 
78,050 00 
97,750 00 
83,250 00 

100,000 00 
92,250 00 
69,375 00 
49,000 00 
58,500 00 
16,200 00 

192,500 00 
27,000 00 

105,348 00 
2,100 00 

685,171 00 



1879.] 



INSURANCE COMPANIES. 



443 



Virginia state bonds 

Alabama state bonds 

Tennessee state bonds 

South Carolina state bonds 

Dutch inscriptions . 

Russian notes and certificates 

Baden stock . 

Bavarian bonds 

Bavarian railway loan 

Brazilian stock 

30 shares Imperial Fire Ins. Co. 



,000 00 
10,000 00 
20,000 00 
20,000 00 
41,665 00 
25,000 00 
25,000 00 
20,830 00 
1,455 00 
5,500 00 



&5o,900 00 

2,200 00 

7,000 00 

8,000 00 

40,416 00 

27,210 00 

21,641 00 

20,641 00 

1,527 00 

5,076 00 



122,950 00 



$5,805,787 00^5,920,241 00 



Summary of Assets Dec. 31, 1878. 

Cash value of unencumbered real estate . $1,049,169 00 

Loans on mortgage of real estate (first liens) . 126,450 00 

Stocks, bonds, etc., as per schedule . . 5,920,241 00 

Cash in the office of the company . . . 1,705 00 

Cash deposited in various banks . . . 118,858 00 

Premiums in course of collection (gross) . 538,941 00 

Notes taken for marine and inland risks .. 87,980 00 

Re-insurance due . ' . . . . 6,896 00 

Gross Assets ...... — 

Liabilities. 

Amount of unpaid losses 

Unearned premiums on outstanding risks 

Dividends to stockholders unpaid . 

Due and accrued for rent, salaries, etc. 

State and local taxes 

Commissions and brokerage . 

Bills payable not yet due 

Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital .... 

Surplus over Capital 

Income. 
Cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income 

Expenditures. 
Cash paid for fire losses ..... 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 

for taxes and incidentals . 

Gross Cash Expenditures. 



-$7,850,240 00 



$566,155 00 

940,055 00 

9,158 00 

6,262 00 

I 120,530 00 
7,446 00 



1,649,606 00 



$6,200,634 00 
. 3,500,000 00 



$2,700,634 00 

$2,848,665 00 
. 252,734 00 



$3,101,399 00 

$1,426,371 00 
. 420,000 00 
. 530,186 00 
. L38,458 00 
. 192,423 00 



$2,707,438 oo 



444 



FOREIGN FIRE 



[Dec. 31, 



Fire risks outstanding Dec. 31, 1877 
Fire risks written during 1878 



Risks and Premiums. 

• Premiums. 

. $495,542,965 00 $1,492,760 00 
. 1,092,501,245 00 3,316,795 00 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,588,044,210 00 $4,809,555 00 
. 984,353,985 00 2,947,350 00 



3,690,225 00 $1,862,205 00 
135,215,105 00 468,130 00 



. $468,475,120 00 $1,394,075 00 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . . . 
Cash dividends declared from organization of company 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$59,457,649 00 
. 33,621,611 00 
. 11,062,000 00 
. 1,426,371 00 
. 500,500 00 



LANCASHIRE INSURANCE COMPANY, MANCHESTER, ENG. 

[Incorporated June, 1852. Commenced business June, 1852.] 

Paid-up Capital, $1,000,000. 

Nathaniel Shelmerdine, Chairman. 

General Manager, George Stewart. 

Office at Manchester. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

Birmingham Wagon Company bonds . . $10,000 00] 

Bolckow, Vaughn, & Co. 's bonds . . . 100,000 00' 

Mersey Docks Board bonds .... 103,619 39 

Ebbu Vale Steel and Iron Company's bonds . 250,000 00 

Inman Steamship Company's bonds . . . 100,000 00 

Charles Cannell & Co. 's bonds . .. . 90,385 65 

John Brown & Co. 's bonds . . . 50,000 00 

Guardians Poor of Manchester . . . 32,500 00 J 

Cambrian Railway debenture stock . . 53,450 00 

London and North- Western R'waypref. stock, 125,000 00 

Midland Railway pref. stock .... 50,000 00 

Cambrian Railway ordinary stock . . . 30,000 00 

United States bonds 725,000 00 

Canadian bonds . . ... . 135,500 00 

Russian bonds • . . . . . • 100,000 00 

French bonds 10,000 00 



Market value. 



$736,505 04 



53,717 25 
125,000 00 

60,625 00 

2,550 00 

783,468 75 

134,505 00 

75,312 00 

11,292 50 



$1,965,455 01 $1,982,975 54 



1879.] INSURANCE COMPANIES. 

. Securities held as collateral for cash loans : — 

Loaned on personal security . . . 

Loaned on company's life policies ..... 



445 



Loaned thereon. 

$3,532 77 
101,844 83 

$105,377 60 



Summary of Assets Dec 
Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for fire risks 
Rents due and accrued . . . . 
Gross Assets . . . . . 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Life and annuity reserve fund 
Dividends to stockholders unpaid . 
Gross Liabilities, except Capital 

Surplus as regards policy-holders . 
Paid-up Capital . . - . 



Surplus over Capital 



31, 1878. 

$234,048 75 

1,929,647 52 

18,175 42 

1,982,975 54 

105,377 60 

142,245 66 

27,126 08 

414,483 27 

371 27 

2,918 75 



$274,914 39 
765,653 67 

1,885,186 00 
135,947 62 



t,857,369 86 



3,061,701 68 

51,795,668 18 
1,000,000 00 



5,668 18 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income 

Expenditures. 

Cash paid for fire losses ..... 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for state and local taxes . 

Gross Cash Expenditures 



2,175,912 91 
284,196 64 



-$1,891,716 27 
. 110,188 56 



1,001,904 83 



$1,068,673 20 
. 225,000 00 
. 269,745 40 
. 208,129 85 
IS, 845 16 



11,790,393 (il 



* Total value of property mortgaged 
Amount of Insurance held as collateral 



$3,139,335 (»o 
850,600 00 



446 



FOREIGN FIRE 



[Dec. 31, 



LIVERPOOL AND LONDON" AND GLOBE INSURANCE 
COMPANY, LIVERPOOL, ENG. 

[Incorporated May, 1836. Commenced business June, 1836.] 

Paid-up Capital, $1,228,200. 

Hamilton B. Gilmour, Chairman. Secretary, John M. Dove. 

Office, No. 1 Dale Street. 



Detailed Statement of Stocks, Bonds, Etc. 



London and No.-West'n R'y con. pref. stock 
South-Eastern R'y preferred ordinary stock 
u debenture stock, 5s . 

" consol'd pref. stock, 4^-s 

" consol'd pref. stock, 5s 

" ordinary consolidated stock 

Midland Railway preference shares 
North-Eastern R'y (Darlington) pref. stock 
" redeemable pref . stock 

" (Hartlepool) capital stock 

Great Western R'y debenture stock, 5s . 

" (Ely Valley) rent ch'ge st'k 

" rent charge stock 

" consolidated pref . stock, 5s 

Llynvi and Ogmore R'y (Llynvi) stock . 
" " (Ogmore) stock 

North British R'y consolidated pref. stock, 4s 
" preference stock, 4^-s . 

' ' (Edinb'gh and Glasgow) p. s 

London and South-Western pref. stock, 5s 
F urness Railway perpetual pref. stock, 6s 
" perpetual pref. stock, 8s 

" redeemable pref. shares, 5s 

Great Eastern R'y preference stock . 
" preference stock, 5s 

" preference stock . 

" irred'ble guaranteed st'k, 4s 

" (Waveney Valley) stock 

" debenture stock A 

" debenture stock B 

Great Northern R'y consol'd perp. pref. stock 
'' preference stock, 4|s 

" preference stock 



Par value. 

$19,690 00 

493,600 00 
49,500 00 
25,000 00 
55,000 00 
49,350 00 

260,800 00 
30,000 00 

236,220 00 
25,000 00 

125,000 00 
12,250 00 

295,350 00 

368,625 00 

100,000 00 

100,000 00 
36,250 00 

150,000 00 
70,000 00 

150,000 00 

50,000 00 

21,500 00 

8,000 00 

172,353 34 
95,000 00 

177,425 00 
18,750 00 
35,000 00 

100,000 00 

215,000 00 
35,150 00 
50,000 00 

250,000 00 



Market value. 

$19,296 00 

646,616 00 

61,380 00 

26,500 00 

65,725 00 

29,116 50 

307,255 00 

42,600 00 

237,401 10 

33,000 00 

155,000 00 

14,730 63 

357,078 00 

427,297 82 

131,125 00 

131,125 00 

32,745 84 

141,187 50 

68,687 50 

180,750 00 

69,250 00 

38,485 00 

8,300 00 

177,093 06 

107,350 00 

195,167 50 

18,187 50 

35,962 50 

121,000 00 

253,700 00 

36,819 62 

52,375 00 

252,500 00 



1879.] 



INSURANCE COMPANIES. 



447 



Brecon and Merthyr R'y debenture stock A 
" " preference stock 

" " debenture stock B 

" " consol'd pref. stock 

" " debenture stock C 

" " ordinary stock . 

Potteiies, Shrewsbury, and North Wales R'y 

debenture stock A 
Mold and Denbigh R'yperpet. deb. stock B 
North Staffordshire R'y preference stock, 5s 
North Staffordshire R'y preference stock, 4^s 
Manch'r, Sheff., and Lin. R'y pref. stock 

" " red. pref. stock 

" " conv. pref. st'k 

" " conv. p. s., 5s 

" " conv. pref. st'k 

Metropolitan R'y irredeemable pref. stock 
Metropolitan R'y perpetual preference stock 
Lancashire and Yorkshire R'y pref. stock 
Lancashire and Yorkshire R'y pref. stock, 5s 
Caledonian Railway consolidated pref. stock 
Lond , Brighton, and S. Coast R'y pref. st'k, 4s, 

" pref. st'k, 5s, 

" " p. s., ord'y 

" '' cons' d p. s. 

Glasgow and South-Western R'y con. pref. st'k 
Cambrian Railway preference stock 

" preference stock, 5s . 

" ordinary stock 

" ordinary capital 

" debenture stock 

" preferred capital 

" preferred capital . . 

" (Llanidloes) 

" (Coast) preference stock 

l ' (Inland) preference stock 

" preference debenture stock 

" preference stock No. 1 

" debenture stock No. 4 

Kington and Eardisley R'y ordinary stock 
London, Chatham, and Dover R'y arbit'n stock 
" " pref. stock 

" • " ord'y stock 

Shrewsbury and Hereford R'y rent ch'ge st'k 
Metropolitan District R'y perpetual stock 
Mersey Dock and Harbor Board bonds . 
J. Brown & Co.'s debentures 
fpswich Dock Commissioners' bonds 



$52,500 00 $57,750 00 



85,000 00 

63,815 00 

55,000 00 

2,350 00 

885 00 



27,200 00 

40,841 60 

17,600 00 

1,316 00 

61 95 



i 

5 

193 

25 

105 

170 

130 

90 

70 

40 

80 

100 

516 

20 

45 

70 

235 

35 

7 

15 

110 

69 

3 

87 

5 

35 

35 

10 

4 

14 

21 

2 

163 

5 

5 

39 

125 

848 

100 
67 



500 00 
250 00 
870 00 
800 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
250 00 
625 00 
945 00 
700 00 
000 00 
500 00 
550 00 
000 00 
000 00 
240 00 
695 00 
675 00 
300 00 
555 00 
000 00 
000 00 
000 00 
535 00 
320 00 
435 68 
050 00 
540 00 
410 00 
410 00 
850 00 

ooo oo 

150 00 
000 00 
500 00 



3 

216 

26 

114 

177 

144 

100 

77 

47 

94 

118 

611 

19 

45 

83 

307 

41 



22 
4 

74 
1 

34 

38 
10 
5 
14 
17 

179 

4 

1 

55 

180 

848 

100 

67 



750 00 
,150 00 
,165 04 
,251 50 
,581 25 
,650 00 
,300 00 
,350 00 
,350 00 
,000 00 
,000 00 
,500 00 
,756 25 
,043 75 
,026 11 
,779 50 
,850 00 
,712 50 
,531 50 
,600 00 
,000 00 
,846 79 

258 65 

,523 75 

,060 00 

88 79 

,825 00 

325 00 
,950 00 
,192 56 
,961 40 
,148 56 

102 50 
,894 00 
,814 90 
,379 54 
,989 25 
,000 00 
,125 66 
,000 00 
,500 00 



448 



FOREIGN FIRE 



[Dec. 31, 



Wear Navigation and Sunderland Docks b'ds, 

Liverpool corporation bonds . 

Liverpool United Gas Company stock 

British government annuities 

Great Eastern Railway debentures 

National Steamship Company debentures 

New York city gold bonds 

United States bonds, 1881 

United States bonds, 1891 

Boston city bonds 

Massachusetts state bonds 

Connecticut state bonds 

New Jersey state bonds 

New York state bonds . 

United States bonds 

Richmond city bonds 

Mississippi pay warrants 

South Carolina state bonds . 

Alabama state bonds 

Melbourne city loan 

Heron county (Canada) bonds 

Canada Dominion stock 

Toronto city water works bonds 

Montreal city bonds, 6s 

' ' water works bonds 

" fire telegraph bonds 

" drill-sheds bonds 

" Protestant School Board bonds 

Montreal Investment Association bonds 
Canada Dominion currency bonds - 
Canada Dominion stock 
Montreal and Champlain Railway bonds 
Trust and Loan Co. (Upper Canada) bonds 



$100,000 00 
4,750 00 
17,375 00 
2,070 12 
25,000 00 
100,000 00 
50,000 00 
900,000 00 
475,000 00 
229,000 00 
330,000 00 
35,000 00 
6,000 00 
175,000 00 
1,275,000 00 
5,000 00 
20,000 00 
20,000 00 
10,000 00 
100,000 00 
270,000 00 
475,000 00 
250,000 00 
13,000 00 
4,000 00 
8,000 00 
10,000 00 
30,000 00 
25,000 00 
3,000 00 
50,000 00 
17,033 33 
50,000 00 



$100,000 00 

4,698 75 

36,613 33 

2,070 12 

27,004 83 

100,000 00 

57,662 34 

991,075 75 

504,157 79 

258,493 50 

372,006 50 

38,909 08 

6,514 31 

213,132 48 

1,380,137 00 

6,000 00 

18,000 00 

2,000 00 

4,300 00 

102,750 00 

277,510 67 

439,156 25 

256,250 00 

13,859 38 

4,270 84 

8,583 33 

10,781 25 

31,927 08 

26,041 67 

3,117 18 

52,083 34 

17,210 75 

50,000 00 



12,941,247 47113,939,230 89 



Securities held as collateral for cash loans : 



Loaned on life policies . . . 

on life interests, annuities, etc. 
on railway debentures, etc. 



,462 40 

49,402 58 

581,256 97 

$1,231,121 95 



1879.] 



INSURANCE COMPANIES. 



449 



Summary of Assets Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mort. of real estate (first liens), 
Stocks, bonds, etc., as per schedule 
Loans on collat'l security, as per schedule, 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross), 
Annuities and life interests purchased by 
company ...... 

Bills receivable 

Office furniture, etc. . $31,156 38 

Gross Assets . . 



$3,149,287 23 

8,014,966 62 

13,939,230 89 

1,231,121 95 

1,945,718 58 

254,034 94 

865,725 73 

1,252,110 36 

48,540 77 



$30,700,737 07 



Liabilities. 

Amount of unpaid losses . . . $539,500 00 

Unearned premiums on outstanding risks, 2,240,114 52 

Beclaimable on perpetual fire policies . 311,694 02 

Life and annuity reserve fund . . 14,850,268 02 

Dividends to stockholders unpaid . . 5,609 17 

Bills payable, not matured . . . 6,996 60 

Liability to Globe annuitants . . . 5,514,000 00 

Sundry working accounts . . . 614,797 00 
Gross Liabilities, except Capital 

Surplus as regards policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . $5,486,090 83 
Deduct re-insurance and return prems. . 401,611 66 

Net cash received for fire premiums 
Interest and dividends received from all sources * . 
Deposits received for perpetual fire risks, $67,907 03 

Gross Cash Income ...... 



24,082,979 33 

$6,617,757 74 
1,228,200 00 

$5,389,557 74 



$5,084,479 17 
639,056 87 



$5,723,536 04 



Expenditures. 

Cash paid for fire losses .... 
dividends paid 

paid for commissions and salaries * 
paid for state and local taxes . 

Deposits returned on perpetual fire risks, 

Gross Cash Expenditures 



$35,838 41 



$2,687,416 25 

429,870 00 

1,461,767 17 

44,766 58 

$4,623,820 00 



* Excluding Life Department. 



57 



450 



FOREIGN FIRE 



[Dec. 31, 



Fire risks outstanding Dec. 31, 1877 
Fire risks written during 1878 . 



Risks and Premiums. 

• Premiums. 

11,493,077,090 00 $4,498,354 89 

1,486,989,060 00 5,486,090 84 



Total ..... 
Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured . . 

Net amount in force . 



$2,980,066,150 00 $9,984,445 73 
1,323,402,150 00 5,102,605 00 



,656,664,000 00 $4,881,840 73 
112,237,555 00 401,611 67 



$1,544,426,445 00 $4,480,229 06 



Miscellaneous. 
Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 
Losses incurred during the year ..... 
Company's stock owned by directors . . . . 



,885,798 85 

57,394,448 16 

10,462,923 16 

429,870 00 

2,687,416 25 

190,280 00 



LONDON ASSURANCE CORPORATION, LONDON, ENG. 

[Incorporated 1720. Commenced business 1720.] 

Paid-up Capital, £448,275. 

Edward Budd, Governor. Secretary, John P. Laurence. 

Office, No. 7 Royal Exchange. 



British government securities . 

United States bonds 

Canadian consolidated stock . 

Canadian Dominion stock 

Italian government rentes 

Bombay B. and Cent. Ind. Railway stock 

East Indian Railway stock 

Madras Railway stock 

Oude and Rohilkund Railway stock 

London city bonds .... 

Great Eastern Railway debentures . 

Lancashire and Yorkshire debentures 

Bombay B. and Cent. Ind. Railway sto